STS DEFENCE LTD, MUMBY ROAD, GOSPORT, GOSPORT, PO12 1AF
Factory and premises Decided 28 April 2022 CHG100180514 Altus Group - Oakland - Manchester
Figures are as stated in the decision; a dash means the document does not state that figure.
What was argued and what the tribunal found
The appellant contended that the unadjusted rate of £50/m² was excessive and sought an RV of £158,000 based on lower rates for different sections of the building (£30/m² and £40/m²), plus an end allowance for poor access and a relativity of 0.65 for the first floor production area. The tribunal found the subject rent was not a connected party transaction and was a useful starting point; the comparable properties cited by the appellant did not support a lower rate, with newer properties in the area supporting the £50/m² tone; and the appellant failed to provide evidence for the claimed poor access or heavy industrial use of the first floor. The tribunal confirmed the RV of £225,000 at £50/m².
Summary generated from the decision text and checked against it. The appellant was STS Defence Limited, represented.
Grounds argued
- Comparable assessments (tone)
- Quantum or end allowance
- Zoning or layout
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 12 April 2022
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