UNIT 7 FAIRWAY TRADING ESTATE, FAIRWAY CLOSE, TW4 6BU
Warehouse and premises Decided 25 June 2024 CHG101057189 Altus Group - Oakland - Manchester
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 3 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellant argued that the unit price should be reduced from £85/m2 to £75/m2 across all three warehouse properties. The tribunal reviewed rental evidence from comparables and comparable assessments, including rents from 2015 and similar-sized warehouses on nearby estates. The tribunal found that £85/m2 was supported by comparable rental evidence and prior tribunal decisions, and therefore dismissed appeals for Units 7 and 10 at Fairway Trading Estate. However, for Units 4 & 5 at Central Park Estate, the tribunal allowed the appeal in part to reflect a reduction from £108,000 to £107,000 RV due to partial heating identified during a pre-hearing inspection.
Summary generated from the decision text and checked against it. The appellant was Steelo Limited, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 30 May 2024
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All decisions in London Borough of Hounslow · Industrial and warehouses nationally
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