UNIT 4,, TRAVELLERS LANE,, NORTH MYMMS,, NORTH MYMMS,, AL9 7HF
Warehouse and premises Decided 29 March 2021 CHG100184632 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 sought a reduction to £98,000 (£30/m²) based on comparable properties within the same industrial estate at Travellers Lane, North Mymms, particularly Travis Perkins and Unit 4 Travellers Close which were of similar age and specification but valued at £30/m². The Valuation Officer had reduced the original assessment to £114,000 (£35/m²) but the tribunal found the Valuation Officer's comparables were less relevant as they were 4-6 miles away. The tribunal allowed the appeal, finding that the evidence supported the lower rate of £30/m² in line with comparable properties on the same estate.
Summary generated from the decision text and checked against it. The appellant was Allneeds Group Ltd, represented.
Grounds argued
- Comparable assessments (tone)
- Valuation method
- Evidence
- Settled assessments, Earlier tribunal decisions
- Cases cited
- Lotus and Delta v Culverwell; Stock Auto Breakers Ltd v Sykes
- Hearing
- 15 March 2021
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All decisions in Welwyn Hatfield Borough Council · Industrial and warehouses nationally
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