Guisborough Storage Services, Morgan Drive, Guisborough, Guisborough, TS14 7DH
Land used for storage and premises Decided 15 February 2022 CHG100183604 Joanne Corney/Knight Frank - Joanne Corney
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 (Euremica Ltd, represented by Knight Frank) challenged the valuation of Guisborough Storage Services, arguing that the valuation contained double counting as the land area on which storage containers stood was valued at both £10/m² (for containers) and £2.50/m² (as land), and sought a further 10% allowance for lack of services. The tribunal found that the £2.50/m² land rate was reasonable but agreed there was double counting for the 1,244.40m² area occupied by containers. The tribunal rejected the additional 10% services allowance but applied the valuation methodology used for comparable Parsons Containers assessment, reducing the RV from £23,250 (original) via £17,500 (VO conceded) to £14,500, allowing the appeal in part.
Summary generated from the decision text and checked against it. The appellant was Euremica Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Valuation method
- Quantum or end allowance
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions
- Cases cited
- Lotus and Delta v Culverwell; K Shoe Shops v Hardy
- Hearing
- 4 February 2022
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