Unit 19 To 21, Bridge Street, BH21 4DB
Modern industrial workshop and premises Decided 19 April 2023 CHG100723066 Bolton Birch
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 the RV should be reduced to £42,000, supported by a lease at £42,000 per annum completed 27 February 2015, one month before the antecedent valuation date. The tribunal found this rental evidence was compelling and gave it substantial weight as it was much closer to the valuation date than the VO's comparable properties. The tribunal also found the £66/m2 rate was considerably lower than the analysed rents of comparable properties, reflecting quantum allowance for the property's larger size. The appeal was allowed as the appellant had proven the original valuation was excessive.
Summary generated from the decision text and checked against it. The appellant was Siteright Construction Supplies Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 21 March 2023
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