2ND FLR, 33 ROBERT ADAM STREET, W1U 3HR
Office and premises Decided 27 November 2024 CHG100427394 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 in the price per m² from £525 to £400, arguing that rental evidence for the subject property and comparable properties showed values lower than the adopted rate. The tribunal found that whilst rental evidence was of some assistance, the settlement at comparable properties (particularly 9-13 George Street at £472.50 per m²) was more persuasive. The tribunal determined that £450 per m² was reasonable, reflecting the difference in age and condition between the subject property and more modern comparables, resulting in an RV of £168,000.
Summary generated from the decision text and checked against it. The appellant was Apex Housing Group Limited, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents, Settled assessments
- Hearing
- 31 October 2024
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