Dulux Decorator Centre, 1A Hylton Grange, SR5 3HR

What was argued and what the tribunal found

The appellant sought to reduce the RV from £82,500 to £58,500, arguing the property should be valued as warehouse and premises rather than retail warehouse, citing a lower price per m² (£108/m² instead of £145/m²) and a 5% end allowance for poor location and lack of signage. The tribunal found that the actual rent paid (nearly £84,000 in 2008 and £89,000 from 2013) was a good starting point and provided a sound basis for the valuation; the appellant's comparable properties either were in superior locations, were of different sizes, or were significantly older. The tribunal held that the disadvantages of location and visibility were already reflected in the rent negotiated and required no further adjustment.

Summary generated from the decision text and checked against it. The appellant was Lucia Holdings Ltd, represented.

Grounds argued

• Comparable assessments (tone) · decisive
• Rental evidence
• Valuation method

Evidence

Rents, Settled assessments

Cases cited

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

Hearing

28 October 2024

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