Ravenseft Properties Ltd v Miller & Santhouse plc
Language: English Series: Rating & Valuation Reporter ; (1994) 34 RVR 24-31(8)Publication details: 1994Subject(s): Summary: LTNI 19 May 1993. A reference to determine a rent review of unit 34 Tower Centre, Ballymena, Co Antrim. The rent was determined, based on the following: (1) the tenants dimensions were accepted because the landlord had not produced information to enable its calculations of area in terms of zone A to be checked and had not sought to correct the tenant`s dimensions; (2) space occupied by toilets must be included notwithstanding the RICS Code of Measuring Practice; (3) there should be an addition for return frontage, but it could not be a regular 10% for that was arithmetical and the additon should depend on the shop`s position and the length of the return display, and 5% was sufficient; (4) after making necessary adjustments to each comparable, the zone A prices indicated for the subject premises ranged from £42psf to £47psf and the tribunal arrived at £45psf.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Law report | London Journal article | ABS50691 (Browse shelf(Opens below)) | 1 | Available | 6725-1001 |
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LTNI 19 May 1993. A reference to determine a rent review of unit 34 Tower Centre, Ballymena, Co Antrim. The rent was determined, based on the following: (1) the tenants dimensions were accepted because the landlord had not produced information to enable its calculations of area in terms of zone A to be checked and had not sought to correct the tenant`s dimensions; (2) space occupied by toilets must be included notwithstanding the RICS Code of Measuring Practice; (3) there should be an addition for return frontage, but it could not be a regular 10% for that was arithmetical and the additon should depend on the shop`s position and the length of the return display, and 5% was sufficient; (4) after making necessary adjustments to each comparable, the zone A prices indicated for the subject premises ranged from £42psf to £47psf and the tribunal arrived at £45psf.