Tribunals · Tonbridge and Malling Borough Council · 2017 rating list

7,, SHELDON WAY,, LARKFIELD,, LARKFIELD,, ME20 6SE

Warehouse and premises Decided 7 January 2021 CHG100090188 Altus Group - Oakland - Manchester

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£115,000£60/m²

Ratepayer sought£107,000

VO conceded first—

Tribunal decided£107,000£56/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 4 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellants argued that the rateable values were excessive based on the actual rent passing on Unit 4 Sheldon Way at £56.00/m2, which was a new letting closer to the antecedent valuation date. The tribunal found the subject property's rent to be the best evidence under Lotus and Delta principles, and rejected the Valuation Officer's comparable evidence from other locations as being from different valuation schemes with less direct comparability. The tribunal allowed the appeals and reduced the RVs for all four units by applying the rental-evidence adjustment proportionally across the size bands.

Summary generated from the decision text and checked against it. The appellant was B and W Engineering Services Ltd, represented.