UNIT 12 LOWER MALL (69 SHIRES WALK), HIGHCROSS, LE1 4FP
Shop and premises Decided 6 September 2024 CHG101115813 GL Hearn Limited - Steven Bicknell
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 sought a reduction to £65,250 (£1,080 per m²) based on the subject property's new lease at £72,500 with a six-month rent-free period entered on 25 March 2015. The tribunal accepted the rental evidence as a starting point but found the Valuation Officer's comparable assessments and settled tonal evidence more persuasive. With the 2017 list now closed and settled, the tribunal found an established pattern of settlements in Shires Walk at £1,150 per m² that was not excessive, confirming the RV at £69,500.
Summary generated from the decision text and checked against it. The appellant was Warren James (Jewellers) Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson; O'Brien v Harwood
- Hearing
- 5 August 2024
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