Tribunals · Leeds City Council · 2010 rating list

Unit 11 Kirkstall Bridge Shopping Park Bridge Road, LS5 3BL

Retail warehouse and premises Decided 22 April 2021 26847332 GL Hearn Limited

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV£196,000£195/m²

Ratepayer sought£154,000

VO conceded first£191,000−3% before the hearing

Tribunal decided£181,000£185/m²

Figures are as stated in the decision; a dash means the document does not state that figure.

What was argued and what the tribunal found

The appellant sought a reduction in base rate to £175psm, mezzanine floor allowance of £15psm, and a pioneering allowance of 10%, arguing that Guiseley Retail Park was more comparable than Savins Mill Way due to similar retail mix and lack of petrol station. The tribunal accepted that base rate should be reduced but rejected the pioneering allowance argument, finding that early occupants received incentives (rent-free periods and reverse premiums) to account for low occupation. The tribunal adopted a base rate of £185psm, reducing the RV from £196,000 to £181,000.

Summary generated from the decision text and checked against it. The appellant was Marks and Spencer P.L.C., represented.