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 the RV of £96,500 (subsequently reduced by the VO to £46,250 at zone A £255/m2) was excessive, contending a zone A rate of £70.25/m2 was justified by the passing rent of £12,000pa. The tribunal found the current zone A rate of £255/m2 was unjustified given The Galleries shopping centre's terminal decline at the valuation date, and determined that a zone A rate of £100/m2 more fairly reflected the property's circumstances, resulting in an RV of £19,750.
Summary generated from the decision text and checked against it. The appellant was Savers Health and Beauty Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Valuation method
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 22 May 2024
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