2ND FLR 1, VERE STREET, W1G 0DF
Offices and premises Decided 16 December 2024 CHG100813919 Altus Group - Oakland - Manchester
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellant contended that the unadjusted rate of £775 per m² was excessive and should be reduced to £725 per m² based on rental analysis of subject property leases and comparable office properties. The Tribunal found that the appellant's rental analysis was flawed, particularly regarding the application of post-AVD rental growth devaluation, and preferred the Valuation Officer's analysis. The Tribunal concluded that £775 per m² was reasonable having regard to the strongest evidence being the rents on the subject properties and comparable properties within the same building, all close to the antecedent valuation date.
Summary generated from the decision text and checked against it. The appellant was Greenbrook Communications Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents, Settled assessments
- Cases cited
- Bunyan (VO) v Acenden Limited [2023] UKUT 17 (LC); Lotus & Delta v Culverwell (VO) and Leicester City Council [1976] RA141; Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)
- Hearing
- 20 November 2024
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