UNIT 1 HAWICK CRESCENT INDUSTRIAL ESTATE, NE6 1AS
Workshop and premises Decided 19 April 2022 CHG100354542 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 £37.50/m² based on the property's March 2014 rent of £22,000 pa (adjusted to £19,700 pa), which analysed to £37.28/m². The Valuation Officer contended that the existing £50.00/m² was reasonable, considering comparable properties and rental market growth through to the 2019 lease renewal. The tribunal, applying the Lotus and Delta principle that the rent on the subject property is the starting point but must be considered alongside comparable evidence, found that the adopted value of £50.00/m² was not unreasonable when measured against comparable aged industrial properties in the locality and was supported by the wider basket of rental evidence, and dismissed the appeal.
Summary generated from the decision text and checked against it. The appellant was The Yorkshire Tile Company Ltd, represented.
Grounds argued
- Rental evidence · decisive
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions
- Cases cited
- Lotus and Delta v Culverwell (VO) and Leicester City Council [1976] RA 141; Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)
- Hearing
- 23 March 2022
Similar decisions
- 15, BROUGH PARK WAY, NE6 2YF — Dismissed, 24 May 2024
All decisions in Newcastle City Council · Industrial and warehouses nationally
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