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 sought a reduction from £580,000 RV to £360,000 RV, arguing that the rent passing on the property and the presence of three-level mezzanine floors supported a lower assessment, and that the property should receive an end allowance for shared access. The tribunal allowed the appeal in part, reducing the RV to £465,000 on the basis that the unadjusted main space rate of £38/m2 was unreasonable, and adopting a reduced rate of £35/m2 reflecting the property's physical attributes and the passing rent. The tribunal rejected the claim for a 10% end allowance for shared access as no new evidence was presented to demonstrate this created a significant disadvantage warranting such an allowance.
Summary generated from the decision text and checked against it. The appellant was Torque Retail Services Limited, represented.
Grounds argued
- Rental evidence · decisive
- Comparable assessments (tone)
- Valuation method
- Quantum or end allowance
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions, Expert report
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 9 April 2025
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