Tribunals · Sevenoaks District Council · 2017 rating list

4 THE INTERCHANGE, WESTED LANE, BR8 8TE

Workshop and premises Decided 3 August 2021 CHG100091511 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£106,000£75/m²

Ratepayer sought£97,500

VO conceded first—

Tribunal decided£106,000£75/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 the rateable value from £106,000 to £97,500 (£68.50/m²), contending that the assessment was excessive based on a renewed rent of £113,000 per annum agreed on 24 March 2015 close to the antecedent valuation date. The tribunal found that whilst this rental agreement was moderately persuasive as evidence, it was a rent renewal rather than an open market letting, and no lease was provided to support the analysis. The tribunal found the Valuation Officer's comparable evidence from other properties on Interchange Park to be more persuasive, including reference to a £72.00/m² agreement on the subject property in the 2010 list and evidence of rental growth since then, concluding that £75.00/m² was appropriate.

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