CLAY LANE PHARMACY AT 5, CLAY LANE, CV2 4LJ

What was argued and what the tribunal found

The appellant proposed a revised RV of £20,000 based on a price of £250 per m², arguing the property's rent of £21,129.17 pa analysed at £273.20 per m² demonstrated that the adopted price of £400 per m² was excessive, and that competing local pharmacies depressed rental values. The tribunal found the subject rent carried little weight as it was agreed between connected parties and was post-AVD. The tribunal attached most weight to the Valuation Officer's comparable properties, drawn from the same valuation scheme, which demonstrated that £400 per m² was not unreasonable. The appeal was dismissed and the RV of £31,500 confirmed.

Summary generated from the decision text and checked against it. The appellant was Shiraz & Sons T/A Clay Lane Pharmacy, represented.

Grounds argued

• Rental evidence
• Comparable assessments (tone) · decisive

Evidence

Rents, Settled assessments

Cases cited

Lotus and Delta v Culverwell; Various Taxpayers v Virk

Hearing

31 January 2023