UNIT 1 AT 6, TIME SQUARE, WA1 2NT
Restaurant and premises Decided 18 March 2025 CHG100827558 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 that a 20% pioneering allowance should be applied to reflect disadvantages of being the first occupant of a new speculative development with surrounding vacant units. The tribunal found insufficient evidence that the surrounding vacancies would impact the hypothetical rental value at the 2015 assessment date. The tribunal noted the subject property's proximity to the town centre contrasted favourably with the precedent relied upon (Clarence Docks, Leeds), and comparable restaurant assessments nearby supported the valuation without allowance.
Summary generated from the decision text and checked against it. The appellant was New World Trading Company (UK) Limited, represented.
Grounds argued
- Quantum or end allowance
- Change of circumstances
- pioneering unit - first occupant of new development with surrounding vacancies
- Evidence
- Rents, Earlier tribunal decisions
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)
- Hearing
- 30 January 2025
Similar decisions
- Apple Jacks Adventure Park, Stretton, WA4 4NW — Dismissed, 26 Oct 2021
- Apple Jacks Adventure Park, Stretton, WA4 4NW — Dismissed, 11 Feb 2021
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