Cordwallis Heathrow, Great South West Road, TW14 8ND
Workshop and premises Decided 3 January 2025 CHG101071235 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 the property was overvalued at £80/m² compared to more modern industrial units and sought a reduction to £55/m² with a 7.5% fragmentation allowance. The tribunal found the £80/m² rate was justified by the adjacent Mercedes Benz property's rent at £125/m² and allowed a 5% fragmentation allowance for the two warehouse units, but rejected the separate office building allowance and the land valuation challenge, resulting in a revised RV of £228,000.
Summary generated from the decision text and checked against it. The appellant was Cordwallis Commercials Limited, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Split or merge the assessment
- Valuation method
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 6 December 2024
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