Robert Dyas Distribution Centre, Swallowdale Lane, HP2 7EA
Warehouse and premises Decided 30 August 2024 CHG100695442 Colliers International
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 from £880,000 to £750,000 RV, arguing either for an increased end allowance from 8.5% to 12.5% or a reduction in the main space rate from £67.50/m² to £52.47/m². The tribunal found the existing main space rate of £67.50/m² was reasonable and reflected in comparable evidence, and that the property's features were already adequately reflected in the existing end allowance. However, the tribunal accepted the Valuation Officer's revised assessment of £875,000 RV, reflecting a reduction in fire protection allowance from 3% to 2.5%, and allowed the appeal in part.
Summary generated from the decision text and checked against it. The appellant was Robert Dyas, represented.
Grounds argued
- Valuation method
- Comparable assessments (tone)
- Quantum or end allowance
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 2 August 2024
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