JELDWEN UK LTD, MARDALE ROAD, PENRITH INDUSTRIAL ESTATE, PENRITH INDUSTRIAL ESTATE, CA11 9EH
Factory and premises Decided 31 January 2025 CHG101163906 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 company challenged the VO's assessment of £342,500 RV, arguing the tone of value of £28.50/m² was excessive. The VO's evidence comprised rents for comparable properties in Carlisle which supported the higher value, but the tribunal found the comparable properties unreliable due to small unit sizes and tenure differences, and noted the 34% increase from the 2017 list appeared excessive. The tribunal determined that £26/m² was reasonable as a mid-point between rural Penrith properties (£17-£18.59/m²) and similar-sized Carlisle units (£31-£32/m²), resulting in an RV of £312,500.
Summary generated from the decision text and checked against it. The appellant was Jeld-Wen UK Limited, represented.
Grounds argued
- Comparable assessments (tone)
- Valuation method
- Evidence
- Rents, Settled assessments, Photographs
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 20 December 2024
Similar decisions
- W MCCLURE LTD, COLLEGE ROAD, LA23 1BX — Dismissed, 6 May 2026
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