40 Chelsea Square - Knight Frank

PART 4
DECISIONS
190. We now set out our decisions in each appeal.
LRA/23/04 (Arbib v Cadogan) (40 Chelsea Square)
191. Mr Arbib’s appeal is dismissed. We confirm the freehold vacant possession value
determined by the LVT at £11,500,000 and the leasehold value at £5,800,000. Cadogan’s cross
appeal is allowed. The deferment rate is reduced to 4¾%.
192. We determine the price payable by Mr Arbib under section 9(1C) of the 1967 Act for the
freehold of 40 Chelsea Square to be £4,673,000. Our valuation is set out in Appendix 2 to this
decision.
LRA/62/04 (Cadogan v 55/57 Cadogan Square Freehold Limited) (55/57 Cadogan
Square)
193. Cadogan’s appeal is allowed. The deferment rate reduced to 4¾%. We determine the
price payable by the respondent under section 32 and Schedule 6 to the 1993 Act for the
freehold of 55/57 Cadogan Square to be £864,350. Our valuation is set out in Appendix 3 to
this decision.
LRA/8/05 (Cadogan v Moussaieff) (First and Second Floor Flat, 8 Cadogan Square)
194. Cadogan’s appeal is allowed. The deferment rate is reduced to 4¾%. We determine the
premium payable by the respondent tenant under section 56 and Schedule 13 to the 1993 Act
on the grant of a new lease of the First and Second Floor Flat, 8 Cadogan Square to be
£1,071,240 apportioned £1,068,572 to the freehold and £2,668 to the headleasehold interest (as
determined by the LVT). Our valuation is set out in Appendix 4 to this decision.
LRA/87/04 (Day v 32 Rosary Gardens (Freehold) Limited) (32 Rosary Gardens)
195. Day’s appeal is allowed. The deferment rate is reduced to 6.4%. We determine the price
payable by the respondents under section 32 and Schedule 6 to the 1993 Act for the freehold of
32 Rosary Gardens to be £546,600 apportioned £545,579 to the freehold and £1,021 to the
headleasehold interest (as determined by the LVT). Our valuation is set out in Appendix 5 to
this decision.
LRA/18/05 (Re Cadogan) (9 Astell Street)
196. Cadogan’s appeal is allowed. The deferment rate is reduced to 4½%. We determine the
price payable by the tenants under section 9(1C) of the 1967 Act for the freehold of 9 Astell
Street and garage 8 Britten Street to be £1,011,700, apportioned £596,051 to the freehold and
£415,649 to the headleasehold interest (as determined by the LVT). Our valuation is set out in
Appendix 6 to this decision.
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