Old Street Retail Trustee (Jersey) Ltd v GB Healthcare Ltd
Unreported, County Court at Central London, 18 November 2022 (G02CL960) · County Court at Central London — HHJ Richard Roberts · 2022
The question
How should renewal rent and interim rent be assessed where the comparable evidence is distorted by pandemic-era trading?
What was held
Conventional valuation principles still apply. Comparables are weighted on the evidence rather than by a blanket pandemic discount.
First-instance decision on valuation: illustrative rather than binding.
For a landlord
Bring clean, post-disruption comparables and be ready to explain concessions in your own lettings.
For a tenant
Turnover evidence alone will not drive the rent down; you need valuation evidence on the comparables themselves.
The provisions this turns on
Apply it to your matter
Read alongside this
- W (No.3) GP (Nominee A) Ltd & anor v JD Sports Fashion plcNottingham County Court, 22 October 2021 (E00DE178)
- WH Smith Retail Holdings Ltd v Commerz Real Investmentgesellschaft mbHCounty Court at Winchester, 25 March 2021 (claim E01BS237)
- O'May v City of London Real Property Co Ltd[1983] 2 AC 726
- Amika Ltd v Fitzroy Place Residential Ltd[2021] EWHC 25 (Ch)
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Case summary for general guidance only, not legal advice. Judgments turn on their own facts and later decisions may qualify them — check the primary transcript before relying on any point in correspondence or proceedings.