UNIT G8, UNION GALLERY, BROADMEAD, BS1 3XD
Shop and Premises Decided 3 April 2023 CHG100757787 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 original £100 per m² valuation (£57,000 RV), proposing £55 per m² (£33,250 RV, later revised to £33,250). The tribunal found that the £100 per m² rate was excessive, having regard to the property's location on the first floor of The Galleries with limited access, compared to more advantageous properties with Union Street access. The tribunal adopted £80 per m² as reasonable, reducing the RV to £46,500, finding this reflected the peppercorn rent evidence, comparative transactions (particularly Slaters Menswear at £83.41 per m² with a 15% allowance), and the property's access disadvantages, while not accepting the appellant's proposed £55 per m² rate.
Summary generated from the decision text and checked against it. The appellant was Wed2B Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents, tone_of_list_comparables, Photographs
- Cases cited
- Lotus & Delta v Culverwell
- Hearing
- 24 March 2023
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