Dean And Smedley, Pharmacy, ASCEBI HOUSE, ASCEBI HOUSE, LE65 2LP
Pharmacy and premises Decided 6 April 2022 CHG100340870 Frank Smith
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 argued that a £300,000 premium paid to secure the pharmacy premises should not be treated as advance rent, as it was conditional on obtaining a new pharmacy licence. The tribunal found that the premium was paid to secure the premises and should be included as advance rent in the valuation analysis. The tribunal considered the rent passing (including the premium) to be the best evidence and found £300 per m² to be reasonable when compared with other analysed rents, therefore dismissing the appeal.
Summary generated from the decision text and checked against it. The appellant was Dean and Smedley Ltd, represented.
Grounds argued
- Rental evidence
- Valuation method
- Evidence
- Rents, Expert report
- Hearing
- 16 March 2022
Is your own rateable value in line?
A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.
Check a propertyThe tribunal’s decision in full
Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.