55 56, BALENA CLOSE, BH17 7DY
Factory and premises Decided 5 December 2024 CHG101169284 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
Vinyl Solutions challenged the RV of £66,500 for a factory and premises in Poole, proposing £50,000 based on a tone of £55psm for pre-1970 industrial properties. The tribunal found the subject property was a new letting at £80,000 per annum (£82.83psm) agreed two months after the AVD, which was the best evidence. While the appellant disputed the lease as tainted, no supporting documentation was provided. Comparable assessments showed similar properties valued at £75psm. The tribunal concluded the current RV was not unreasonable and dismissed the appeal.
Summary generated from the decision text and checked against it. The appellant was Vinyl Solutions, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Valuation method
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 6 November 2024
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