29 Aug 2003
RICHARD NICHOLAS TANNER v. PHARMAKON LTD
- Citation
- RICHARD NICHOLAS TANNER v. PHARMAKON LTD
- Court
- Lands Tribunal
- Case number
- LDNT1/2003
The Tribunal excluded unsuitable comparables (notably those with large size differentials or earlier transaction dates), adopted a mix of the experts' justified adjustments (time indices, floor level, appliances, location/noise, building condition, view/orientation), applied a 2% deduction for poor internal condition, valued rooftop covered area at 1/5 and open area at 1/10 of the unit rate, derived a unit rent of $155.38 per sq.m and fixed the monthly rent at $42,700 inclusive of a covered parking space (or $42,200 if an open parking space is leased), ordered a two-year tenancy commencing 24…