Tribunals · Leeds City Council · 2010 rating list

Unit 12 Kirkstall Bridge Shopping Park Bridge Road, LS5 3BL

Retail warehouse and premises Decided 22 April 2021 27021739 GL Hearn Limited

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

Original RV£194,000£195/m²

Ratepayer sought£156,000

VO conceded first£193,000−1% before the hearing

Tribunal decided£183,000£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, a mezzanine floor rate of £15psm, and a 10% pioneering allowance, claiming poor initial occupancy at the shopping park. The tribunal rejected the pioneering allowance, finding that lease incentives already accounted for the poor opening conditions, and disagreed with the valuation officer's reliance on the nearby Savins Mill Way comparable, preferring Guiseley Retail Park as more similar. The tribunal reduced the base rate to £185psm and agreed the mezzanine rate of £15psm, resulting in an RV of £183,000.

Summary generated from the decision text and checked against it. The appellant was Arcadia Group Ltd, represented.