Tribunals · Exeter City Council · 2017 rating list

60 Fore Street, Topsham, EX3 0HL

Shop and Premises Decided 18 November 2020 CHG100072088 Business Rates Specialists LTD

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

Original RV£16,750£325/m²

Ratepayer sought£12,250

VO conceded first£14,250−15% before the hearing

Tribunal decided£13,000£295/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 argued the RV should be £12,250 (£295 per m² ITZA with 5% allowance for lack of storage), while the VO defended £14,250 (£325 per m² ITZA). The tribunal accepted that the rental evidence of the appeal property and the adjoining property 59 Fore Street, both effective close to the antecedent valuation date, were the most reliable comparables and supported £295 per m² ITZA as fair and reasonable. The tribunal rejected the 5% allowance for lack of storage as unsupported by substantive evidence and likely reflected in the market rental bid, and determined the RV should be £13,000, partly allowing the appeal.

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