EMC TOWER, GREAT WEST ROAD, TW8 9DF
Offices and premises Decided 21 July 2023 CHG100414158 CBRE - Elliot Jones
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
Dell Corporation challenged the RV of £2,520,000 (later reduced to £2,220,000 by the VO) on grounds that the tone of list comparables did not support the adopted price of £165 per m2, and that the 10% air conditioning uplift was inappropriate. The tribunal found no directly comparable properties of similar size but determined that the £165 per m2 base price was excessive for an unrefurbished 1980s building, reducing the base price to £150 per m2 (with the 10% uplift maintained) resulting in an adopted price of £165 per m2 and RV of £2,030,000.
Summary generated from the decision text and checked against it. The appellant was Dell Corporation, represented.
Grounds argued
- Comparable assessments (tone)
- Valuation method
- Evidence
- Settled assessments, Earlier tribunal decisions
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO)
- Hearing
- 10 July 2023
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