[2024] UKUT 26 (LC)

Fecha: 12-Dic-2023

Conclusions

Conclusion

85.

In light of our findings above, the points about which the valuers disagreed are resolved as follows:

FHVP £1,322,500

Price per sq ft (freehold) £940

Relativity 74.8%

Extended Lease Value £1,309,275

Existing Lease Value £ 989,500

GIA 1,407 sq ft

Value of Act Rights 5.85%

Premium £208,109

86.

The calculation of the premium is as follows:

Judge Elizabeth Cooke Mr Mark Higgin FRICS FIRRV

9 February 2024

Right of appeal

Any party has a right of appeal to the Court of Appeal on any point of law arising from this decision. The right of appeal may be exercised only with permission. An application for permission to appeal to the Court of Appeal must be sent or delivered to the Tribunal so that it is received within 1 month after the date on which this decision is sent to the parties (unless an application for costs is made within 14 days of the decision being sent to the parties, in which case an application for permission to appeal must be made within 1 month of the date on which the Tribunal’s decision on costs is sent to the parties). An application for permission to appeal must identify the decision of the Tribunal to which it relates, identify the alleged error or errors of law in the decision, and state the result the party making the application is seeking. If the Tribunal refuses permission to appeal a further application may then be made to the Court of Appeal for permission.