UNIT P2, PARKLANDS, HEYWOOD DISTRIBUTION PARK, OL10 2TT
Warehouse and premises Decided 20 September 2022 CHG100376517 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 argued that the base rate of £46/m² was excessive and should be reduced to £38.50/m², based on comparable properties at Heywood Distribution Park. The tribunal found that the appellant's comparables were in different valuation schemes and were older or significantly different in size. The tribunal placed most weight on Spicers Ltd, a comparable in the same valuation scheme with similar size and rent commencing close to the material date, which supported the established tone of £46/m². The appeal was dismissed as the appellant failed to discharge the burden of proof with reliable substantive valuation evidence.
Summary generated from the decision text and checked against it. The appellant was Paul Hartmann Limited, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Evidence
- Rents, Settled assessments
- Hearing
- 5 September 2022
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