Personal Storage at City House, Ronsons Way, AL4 9PU
Personal Storage unit - light industrial/warehousing Decided 24 July 2025 VT00027651 Fhp Property Consultants/FHP Property Consultants – Alastair Fearn
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 RV of £174,800 was incorrect and proposed £129,000, relying on comparable evidence from a 1980s refurbished storage unit in Aylesbury valued at £34.12 per m², arguing the subject property's comparable properties were newer, purpose-built units in superior locations. The tribunal found that whilst accepting some comparables were of similar age, they were in different towns with potentially different rental values, and that the best evidence was 134 Ashley Road in St Albans, which analysed to £63.74 per m² and supported the adopted rate of £42.25 per m² with a 5% location allowance, thereby dismissing the appeal and confirming the RV at £174,800.
Summary generated from the decision text and checked against it. The appellant was Magenta Storage Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Measurement survey, Photographs
- Hearing
- 2 July 2025
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