1 ST FLR, PANNELL HOUSE, PARK STREET, GU1 4XB

What was argued and what the tribunal found

The appellant contended that the tone of value for main space should be reduced from £240 per m2 to £215 per m2, proposing an RV of £73,000, based on concerns about the subject property's location on a busy roundabout with Victorian windows and its age compared to comparable properties. The tribunal found the comparable evidence from Hays House and Wey House most compelling, as these properties were similar in size, located in the direct locality, and close to Guildford train station. Although the subject hereditament had a lesser attractive exterior standard, it had been refurbished in 2017. The tribunal determined that the tone of £240 per m2 was fair and reasonable given the significant driver of value from Guildford station's multiple lines and superior services, and dismissed the appeal.

Summary generated from the decision text and checked against it. The appellant was Sycurio Limited, represented.

Grounds argued

• Comparable assessments (tone) · decisive

Evidence

Rents, Settled assessments, Earlier tribunal decisions, Photographs

Cases cited

Lotus & Delta Ltd v Culverwell; Gardiner & Theobald LLP v David Jackson

Hearing

4 December 2024