30 UPPER GROSVENOR STREET, W1K 7PG
Restaurant and premises Decided 13 June 2023 CHG100791298 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 contended the subject restaurant should be valued at £290,000 RV based on a main space price of £750/m², arguing the location in Upper Grosvenor Street had limited passing trade and was less valuable for trade than comparable properties. The tribunal found that comparable rental evidence from South Audley Street properties agreed at or near the 2015 antecedent valuation date supported the existing tone of £850/m² and that the appellant had not provided sufficient evidence that the property's location was so disadvantageous as to warrant a reduction. The appeal was dismissed and the RV of £327,500 was confirmed.
Summary generated from the decision text and checked against it. The appellant was Restaurant Craft Ltd, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents, tone_of_list_comparables, Photographs
- Cases cited
- Lotus & Delta v Culverwell; Gardiner & Theobald LLP v Jackson
- Hearing
- 17 May 2023
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