DIGITAL AD RTS BRIGHT CIRCLE OPP THE TRAFFORD CENTRE, Barton Dock Road, Trafford Park, Trafford Park, M41 7ZA
Digital advertising rights and premises Decided 2 August 2024 CHG100764346 Montagu Evans - Richard Wackett
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 3 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellant argued that three digital advertising rights were overvalued at £52,000 and £82,500 respectively, proposing reductions to £31,000 and £62,500. The tribunal found the valuations too high based on rental evidence showing base rents of £30,000 and £60,000, and an agreed comparable at J C Decaux valued at £25,000 per 96 sheet face. The tribunal adopted a base unit value of £35,000 per display, resulting in rateable values of £37,000 for the first two properties and £72,500 for the third.
Summary generated from the decision text and checked against it. The appellant was Peel Advertising Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments
- Hearing
- 25 July 2024
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