Sites South East And North East, Cardinal Point, TW6 2SN
Storage land for buses and premises Decided 11 September 2024 CHG101063429 Colliers International - Matthew Hawkins
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 challenged the valuation of bus storage land at Heathrow, arguing it should be valued at £15/m² for hard surface and £10/m² for rough surface (totalling £55,000), rather than the £32/m² all-hard-surface valuation (£155,000) in the list. The tribunal found the subject property was adjacent to, not on, the airport, making airport-located comparables less relevant, and accepted the appellant's evidence showing rough surface to the rear of the property. The tribunal valued hard surface at £16.50/m² and rough surface at £11.05/m² (33% discount), resulting in an RV of £60,000.
Summary generated from the decision text and checked against it. The appellant was Colliers International, represented.
Grounds argued
- Floor area or measurement
- Comparable assessments (tone)
- Valuation method
- Evidence
- Rents, Settled assessments, Photographs, Expert report
- Hearing
- 20 August 2024
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