UNIT 157, CULHAM NUMBER ONE SITE, CULHAM, OX14 3DA
Warehouse and premises Decided 24 May 2024 CHG101066390 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 argued the property should be valued at £25/m² based on rental evidence from 2013 analysed at £24.99/m². The tribunal found that rents in the locality had grown significantly between 2013 and the antecedent valuation date (April 2015), as evidenced by rent reviews on comparable units showing increases from £24.15/m² to £38.49/m² over that period. Therefore, the tribunal upheld the original valuation of £28/m², finding it was not unreasonable.
Summary generated from the decision text and checked against it. The appellant was CP Steel Processing Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 2 May 2024
Similar decisions
- IRTON HOUSE, WARPSGROVE LANE, CHALGROVE, CHALGROVE, OX44 7RW — Dismissed, 28 Jan 2022
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