Brennan (VO) v LLoyds Bank plc
Brennan (VO) v LLoyds Bank plc
- 1993
- Rating Appeals 1993 RA 99-112(8) .
LT 14 July 1993, A suburban bank was assessed, pursuant to a decision of a valuation tribunal, at £16,325 rateable value. The VA sought an increase to £17,000. The arguement arose as to the valuation of the basement containing three stores and a strongroom. The VO in his primary valuation applied £27 psm to the net storgae area plus an addition for the strong room, based on his perception of demand and its effect on rental value, o £45psm. His secondary valuation was based on £18 psm and a spot figure of £300 for the additional value of the strong room. The ratepayers valuation was based on £18 psm with no distinction between the stores and the srongroom. The LT accepted the VO opinion.
BANKS
RATEABLE VALUE
STRONG ROOMS
Valuation
LT 14 July 1993, A suburban bank was assessed, pursuant to a decision of a valuation tribunal, at £16,325 rateable value. The VA sought an increase to £17,000. The arguement arose as to the valuation of the basement containing three stores and a strongroom. The VO in his primary valuation applied £27 psm to the net storgae area plus an addition for the strong room, based on his perception of demand and its effect on rental value, o £45psm. His secondary valuation was based on £18 psm and a spot figure of £300 for the additional value of the strong room. The ratepayers valuation was based on £18 psm with no distinction between the stores and the srongroom. The LT accepted the VO opinion.
BANKS
RATEABLE VALUE
STRONG ROOMS
Valuation