TJ PRESS (PADSTOW) LTD, TRECERUS INDUSTRIAL ESTATE, PL28 8RW
Factory and premises Decided 24 January 2023 CHG100687422 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 challenged the RV of £95,000 (based on £40 per m²) and proposed £61,000 (based on £25 per m²), arguing the property was overvalued using comparable evidence of newer and better-located units. The tribunal found the subject rent of £42,500 from 2011 and 2019 carried little weight due to timing relative to the AVD of 1 April 2015. While the appellant's comparable at Parcelforce was from a different valuation scheme and thus given little weight, the tribunal found the VO's comparable at Park 30 most reliable being closest in age and rental date to the AVD, demonstrating that £40 per m² was not excessive. The appeal was dismissed.
Summary generated from the decision text and checked against it. The appellant was T J Books Limited, represented.
Grounds argued
- Rental evidence · decisive
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 6 January 2023
Similar decisions
- Unit 30 Cardrew Trade Park North, Cardrew Way, TR15 1SZ — Dismissed, 13 Nov 2023
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