149, KINGS ROAD, SW3 5TX
Shop and Premises Decided 4 April 2023 CHG100206882 Altus Group - Oakland - Manchester
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants argued that the Zone A rate of £2,300/m² was excessive, citing rental evidence at 147 Kings Road of £1,895.73/m² and supporting lower comparable properties. The tribunal found that no established tone had been tested and therefore determined rental evidence provided the best guide. Having analysed rental comparables ranging from £1,864.35 to £2,676.93/m², the tribunal adopted a tone of £2,150/m² ITZA, reducing the valuations to £72,500 and £70,500 but not to the £2,000/m² sought by the appellants.
Summary generated from the decision text and checked against it. The appellant was Lucas Hugh Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 6 March 2023
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