M Teevan Hire Co, 35 Horn Lane, W3 6NS
Warehouse and premises Decided 10 May 2024 CHG101052321 Colliers International - Matthew Webb
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 for a reduction in RV from £33,000 to £12,500, based on a lower price per m², applying a 0.25 relativity for warehouse quality, and end allowances for access and fragmentation. The tribunal dismissed the appeal, finding that the warehouse quality differences had already been reflected in the adopted price of £76.94 per m² through 10% and 5% adjustments; that a 5% access allowance (rather than 10%) was fair and reasonable; and that the land area should not be fully excluded as it was used for storage and advertising purposes.
Summary generated from the decision text and checked against it. The appellant was M Teevan Hire Co. Ltd, represented.
Grounds argued
- Valuation method
- Quantum or end allowance
- Other
- Evidence
- Photographs, Settled assessments
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO); Simpsons Malt & Others v Craig Jones (VO) & Others; Denton v TH White Ltd; Asda Stores Ltd, Anderson Way, Belvedere DA17 6BG
- Hearing
- 26 April 2024
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