UNIT C, RIVERSIDE INDUSTRIAL ESTATE, ATHERSTONE STREET, FAZELEY, FAZELEY, B78 3RW

What was argued and what the tribunal found

The appellant company challenged the VO's valuation of £64,500 RV, proposing £54,500 based on a main space price of £50/m². The VO defended £64,500 at £59.12/m². The tribunal found that the correct main space price should be £58.50/m² with a 2.5% allowance for lack of access due to bollards restricting the property's frontage. The tribunal applied significant weight to comparable lettings and determined the tribunal RV should be £62,500, allowing the appeal in part. The tribunal rejected the appellant's argument that the lease renewal rent was unreliable due to landlord control, following the Saintta Global Lawyers precedent, and found the rent was consistent with other units analysed at around £60/m².

Summary generated from the decision text and checked against it. The appellant was MTI Welding Technologies Ltd, represented.

Grounds argued

• Comparable assessments (tone) · decisive
• Valuation method
• Quantum or end allowance

Evidence

Rents, Settled assessments

Cases cited

Lotus and Delta v Culverwell; Saintta Global Lawyers (UK) Limited v Rickets; Robert Dyas Holdings Limited v Ms J Moore; Gardiner and Theobald LLP v David Jackson; Specialeyes Plc v Felgate

Hearing

23 March 2026

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