3, PRINCE ALBERT ROAD, NW1 7SN
Offices and premises Decided 13 October 2022 CHG100574788 Altus Group - Oakland - Manchester
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellant sought a 7.5% allowance for disturbance caused by HS2 development works opposite the subject properties during 1 January 2020 to 31 July 2021, claiming this would reduce RV from £95,000 to £88,000. The tribunal found the works did cause significant detrimental impact on the hypothetical tenant's rental bid, but was satisfied that 5% allowances (rather than 7.5%) were reasonable, resulting in revised RVs of £90,500 and £44,000 respectively.
Summary generated from the decision text and checked against it. The appellant was Scodie Deyong LLP, represented.
Grounds argued
- Change of circumstances
- Building works or disturbance nearby
- Change of circumstances
- HS2 development works
- Evidence
- Photographs, Expert report
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO); Hadcliffe Properties Limited and the Valuation Officer; Simpsons Malt & Others v Craig Jones (VO) and Others; Denton v TH White Limited
- Hearing
- 10 October 2022
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