Tribunals · Torbay Council · 2017 rating list

97-99 Winner Street, TQ3 3BP

Shop and Premises Decided 27 November 2020 CHG100071039 Clyde Mills

OutcomeDismissed — nobody attended for the ratepayerThe appeal failed, leaving the value at the figure the Valuation Officer had already conceded.

Original RV£10,750£130/m²

Ratepayer sought£5,000

VO conceded first£8,700−19% before the hearing

Tribunal decided£8,700£105/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 contended that the property should be valued at the actual passing rent of £5,496 per annum (£5,000 RV), arguing the VOA ignored economic realities. The tribunal found that while the passing rent must be considered as the starting point, it was unreliable in this case because it was a shell rent with a 9-month rent-free period and tenant fit-out obligations, and was therefore lower than a full market rent. The tribunal instead relied heavily on a basket of comparable rental evidence from six nearby retail shops in Winner Street, which supported the VO's reduction from £130/m² to £105/m², and dismissed the appeal confirming the RV at £8,700.

Summary generated from the decision text and checked against it. The appellant was Namulas Pensions Trustees Ltd, represented.