UNIT 8D, BEAVER INDUSTRIAL PARK, BRENT ROAD, UB2 5FB
Warehouse and premises Decided 25 March 2024 CHG100808503 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 RV of £39,750 (£105/m²), proposing £30,500 (£80/m²), which the VO reduced to £38,000 (£100/m²). The appellant then sought £34,250 (£90/m²). The tribunal found that whilst the 2014 lease at £71.10/m² and 2017 renewal at £92.79/m² supported a reduction from £100/m², comparable evidence including nearby properties (Unimar House at £86.40/m², Unit 2b at £91.86/m², Unit 23 Derby Road at £92.86/m²) justified an adopted rate of £92.50/m², resulting in an RV of £35,250.
Summary generated from the decision text and checked against it. The appellant was Shuttle Bridge Logistics Limited, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 26 February 2024
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