58-62 High Road, Wood Green, N22 6BX
Bank and premises Decided 3 September 2024 CHG100731240 Jones Lang LaSalle - Simon Griffin
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 VO's decision to apply a 5% uplift for return frontage benefit to the subject bank property, which was formed from three retail units. The tribunal found that comparable properties in the same location with return frontages had not received uplifts in their 2017 list valuations, and that the passing rent evidence did not support the uplift, as the rent increase applied to the unit without return frontage. The appeal was allowed and the RV reduced to £185,000, removing the uplift and retaining only the agreed 10% allowance for the triple unit.
Summary generated from the decision text and checked against it. The appellant was Barclays Bank PLC, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents, tone_of_list_comparables
- Cases cited
- Lotus & Delta Ltd v Culverwell; Gardiner & Theobold LLP v Jackson
- Hearing
- 19 August 2024
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