North Eastern Co-operative Society Ltd, Derwent Street, Chopwell, Chopwell, NE17 7HZ
Shop and premises Decided 5 February 2024 CHG100826052 Colliers International - Alastair Dyson
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 argued that an RV of £22,250 (based on £80 per m²) was excessive, seeking a reduction to £9,750 (£35 per m²) based on rental evidence and comparable assessments. The tribunal found that while the passing rent and rent review evidence carried limited weight due to timing and the long-standing tenancy relationship, the comparable properties within the immediate locality (particularly those within ten miles) indicated an RV of £70 per m² was appropriate. The tribunal also noted the lack of onsite parking and the small business tone in the village (£75 per m²), concluding that the tribunal's determined RV of £19,500 (£70 per m²) better reflected the established tone of the locality.
Summary generated from the decision text and checked against it. The appellant was North Eastern Co-operative Society Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions
- Cases cited
- Lamb v Minards (VO); Lotus & Delta
- Hearing
- 12 January 2024
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