Unit 1 Block A, 2-3 Lammas Road, E10 7QT
Warehouse and Premises Decided 29 April 2022 CHG100423597
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 proposed regeneration of the locality had created uncertainty that adversely affected rental value, evidenced by a tenancy at will at £50,000 annual rent rather than the listed £67,000. The tribunal found that the proposals were theoretical with no physically manifest changes to the locality at the material date, and that while uncertainty existed, the overall plan remained beneficial for the industrial area where the property sat. The panel concluded that the burden rested with the appellant to prove material change of circumstances with direct impact on value, which had not been met.
Summary generated from the decision text and checked against it. The appellant was TLB International Ltd, represented.
Grounds argued
- Change of circumstances · decisive
- Change of circumstances
- proposed regeneration of locality
- Evidence
- Rents, Expert report
- Hearing
- 7 April 2022
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