Unit K River House at 33, Point Pleasant, SW18 1NN
Offices and premises Decided 3 January 2024 CHG100731249 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 sought to reduce the tone of value for main space from £215 per m2 to £145 per m2, arguing that comparable assessments at Delta Park and Argyll Park, together with the subject rent from 2016, supported a lower valuation. The tribunal dismissed the appeal, finding the VO's tone of value of £215 per m2 to be fair and reasonable. The panel gave most weight to comparable properties in the same building and immediate locality (Suite G River House 37 and Unit B at 18 Northfields), both valued at £215 per m2, and found comparable assessments at Northfields Prospect Business Centre supported a settled tone in the direct locality. The panel attached little weight to the 2016 subject rent as a renewal too remote from the AVD, and less weight to the Delta Park and Argyll Park comparables as they were significantly further away and in different localities.
Summary generated from the decision text and checked against it. The appellant was Seven Hills Communications Limited, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 12 December 2024
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