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You are here: BAILII >> Databases >> England and Wales Lands Tribunal >> Warren v Carson (VO) [2001] EWLands RA_25_2000 (12 January 2001) URL: http://www.bailii.org/ew/cases/EWLands/2001/RA_25_2000.html Cite as: [2001] EWLands RA_25_2000 |
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[2001] EWLands RA_25_2000 (12 January 2001)
RA/25/2000
LANDS TRIBUNAL ACT 1949
RATING – shop – poor location – partially obscured visibility – comparison with other shops – whether evidence of reduction in value of appeal premises – appeal dismissed.
IN THE MATTER of an APPEAL against a DECISION of the
MANCHESTER SOUTH VALUATION TRIBUNAL
BETWEEN HARRY WINSTON WARREN Appellant
and
ANDREW CARSON Respondent
(Valuation Officer)
Re: 25 Festival Village, Trafford Centre,
Manchester, M17 8AA
Before: P R Francis FRICS
Sitting at: Manchester Combined Tax Tribunal, Warwickgate House,
Warwick Road, Old Trafford, Manchester.
on
5 December 2000
The appellant did not appear, and was not represented.
The respondent valuation officer in person with leave of the Tribunal.
DECISION
i. The landlord has recognised that this is a problem unit and has reduced the rent twice from £35,000 pa down to £22,000 pa after 6 months, and then further to £15,000 pa from September 1999.
ii. The footfall is markedly reduced on the subject property's side of the village for many factors, but largely there being only 800 spaces on this side as opposed to over 6000 spaces and a coach park on the opposite side of the village.
iii. By the valuation officer's own admission, rental growth applied between 1993 and 1998 at 65 per cent was a "massive increase".
iv. The Trafford Centre was only completed in 1998, and is otherwise on an industrial estate – there are not any previous retail patterns.
v. No account has been taken of Festival Village being distinctly down-market compared with the rest of the Centre.
vi. The decision assessment was grossly excessive compared to the ratepayer's other stall in the Royal Exchange in the heart of Manchester.
vii. The shops in the Trafford Centre pay significantly less per metre squared than the subject property.
viii. The 'erratic pattern of rents' illustrates their unrealism.
ix. The premises in question is [sic] obscured by five large pillars, and is not totally visible from any projection angle, of which [sic] remains difficult to locate.
Mr. Warren did not include, within his grounds of appeal, a proposed revised rateable value.
DATED: 12 January 2001
(Signed) P R Francis FRICS