Gnd Floor, 63 Vyner Street, E2 9DQ
Factory and premises Decided 7 July 2022 CHG100148503 JMA Chartered Surveyors
Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 2 properties together; the figures above are for this appeal's property (Ground Floor, 63 Vyner Street, London E2 9DQ). Every property is listed below.
The 2 properties in this decision
One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| Ground Floor, 63 Vyner Street, London E2 9DQThis appeal | £24,500 | £10,000 | £22,250 | Allowed in part |
| First Floor, 63 Vyner Street, London E2 9DQ | £14,250 | £5,570 | £12,750 | Allowed in part |
What was argued and what the tribunal found
The appellant argued the subject properties were factories and should be valued by reference to factory comparables at £85 psm, whereas the respondent relied on an office building comparable at £352.27 psm and sought to confirm the original RV. The tribunal found the office building was not truly comparable and the lease evidence for 7 Vyner Street, being a periodic tenancy, was not determinative. The tribunal allowed the appeals in part, applying base rates of £190 psm (ground floor) and £161.50 psm (first floor) to account for the reduction in unit size following the split and the difference from modern office valuations.
Summary generated from the decision text and checked against it. The appellant was James Ince & Sons (Umbrellas) Ltd, represented.
Grounds argued
- Rental evidence · decisive
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)
- Hearing
- 8 June 2022
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