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First-tier Tribunal (Property Chamber)
You are here: BAILII >> Databases >> First-tier Tribunal (Property Chamber) >> The Earl of Devon Limited v Waterglen Limited (London : Section 24) [2015] UKFTT RP_LON_00BG_OCE_2014_0122 (28 January 2015)
URL: http://www.bailii.org/uk/cases/UKFTT/PC/2015/RP_LON_00BG_OCE_2014_0122.html
Cite as: [2015] UKFTT RP_LON_00BG_OCE_2014_0122, [2015] UKFTT RP_LON_BG_OCE_2014_122
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The Earl of Devon Limited v Waterglen Limited (London : Section 24) (28 January 2015)
Category
1993 Act Decisions
Description
The issues between the parties was the determination of the Capitalisation Rate and the appropriate Relativity Percentage.
Address
The Earl of Devon Public House 213 Devons Road E3 3QX
Applicant Name
The Earl of Devon Limited
Applicant Type
Leaseholders
Respondent Name
Waterglen Limited
Tribunal Reference
LON/00BG/OCE/2014/0122
S20c
-
Fees
-
Costs
-
Hope Value
-
Intermediate Lease
-
Unexpired Term
At the date of valuation there were 73.56 years remaining on the leases originally dated from 25 March 1988 for a period of 99 years.
Determination Inc Marriage
-
Capitalisation Rate
The tribunal arrived at the figure of 6% preferring a valuation approach that confines itself to the principles as laid down by the Lands Tribunal.
Deferment Rate
0.05
Relativity
The tribunal arrived at the figure of 93.99%
Decision: