GROUND FLOOR, 421, EDGWARE ROAD, NW9 0HS
Warehouse and premises Decided 29 May 2026 CHG101227923 Ryan Property Tax Services UK Limited
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 argued that the subject warehouse should be valued at £42.50/m² (£49,750) based on the rent passing of £50,000 per annum from November 2021, analysing to £42.83/m². The tribunal found that the rent had been artificially suppressed due to the approved residential development and planned demolition of the site, which formed part of the lease negotiations. Testing the subject rent against comparable warehouses in the wider Northwest London area (which rented at £70–£96/m²), the tribunal concluded the rent was an outlier and insufficient evidence supported a reduction from the current valuation of £98,000 (£85/m²).
Summary generated from the decision text and checked against it. The appellant was Branded Furniture Clearance Warehouse Ltd, represented.
Grounds argued
- Rental evidence · decisive
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta Ltd v Culverwell (VO); Dawkins (VO) v Ash Brothers & Heaton Ltd; Gardiner & Theobold LLP v Jackson (VO)
- Hearing
- 8 May 2026
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