G M P T E BUS SHELTER (EB0125) OPP 107, Piccadilly, M1 2DB
Double-sided advertising site on bus shelter Decided 13 February 2024 VT00018144 Montagu Evans - Richard Wackett
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 contended the advertising site should be valued as a static site at £1,200 RV, while the valuation officer had issued a certificate valuing it at £7,200 based on a six times uplift for digital advertising. The tribunal found that while the site commanded a higher rent than static sites due to its rotating nature, a six times uplift was not justified. Based on comparable evidence from Ultravision sites valued at three times the static value, the tribunal determined a three times uplift was appropriate, resulting in an RV of £3,600.
Summary generated from the decision text and checked against it. The appellant was G M P T E Bus Shelter (EB0125), represented.
Grounds argued
- Valuation method · decisive
- Comparable assessments (tone)
- Evidence
- tone_of_list_comparables
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)
- Hearing
- 18 December 2023
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