40 42, BRIDLESMITH GATE, NG1 2GQ
Shop and premises Decided 22 December 2022 CHG100401292 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 closure of the bus station and multi-storey car park at Broadmarsh Shopping Centre warranted a 30% end allowance, having reduced footfall and rental values. The Valuation Officer submitted that 10% was sufficient and that empty units resulted from economic factors. The tribunal found that while the closures had a negative effect on rental values, the appellant's proposed allowance was not fully supported by evidence, and awarded a 15% allowance as reasonable, reducing the RV from £197,000 to £150,000 with effect from 10 July 2017.
Summary generated from the decision text and checked against it. The appellant was Diesel (London) Ltd, represented.
Grounds argued
- Change of circumstances · decisive
- Rental evidence
- Comparable assessments (tone)
- Change of circumstances
- closure of bus station and multi-storey car park
- Evidence
- Rents, Earlier tribunal decisions
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO)
- Hearing
- 23 November 2022
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