UNIT 2 MATRIX COURT, SOVEREIGN WAY, CHESTER WEST EMPLOYMENT PARK, CHESTER WEST EMPLOYMENT PARK, CH1 4QJ
Warehouse and premises Decided 5 December 2023 CHG100805633 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, a motor parts company, argued the warehouse was overvalued at £62,500 RV (£58.75/m²) and proposed a reduction to £56,500 RV (£53.00/m²), relying on comparable assessments that had been reduced. The tribunal found the appellant failed to produce reliable substantive evidence to support the lower valuation, and placed greater weight on comparable properties with new lettings close to the valuation date that supported the existing rate. The appeal was dismissed and the RV was confirmed at £62,500.
Summary generated from the decision text and checked against it. The appellant was Alliance Automotive UK Ltd, represented.
Grounds argued
- Rental evidence · decisive
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments, tone_of_list_comparables
- Hearing
- 14 November 2023
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