Tribunals · Fenland District Council · 2017 rating list

Multi Storey Car Park, Horsefair Shopping Centre, PE13 1AR

Multi storey car park Decided 11 May 2021 CHG100101282 Dunlop Heywood - Michael Rowbottom

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

Original RV£42,750

Ratepayer sought£21,000

VO conceded first£37,500−12% before the hearing

Tribunal decided£28,500from 1 Apr 2017

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 to reduce the RV from £37,500 to £21,000 (£60 per parking space) arguing the valuation should reflect income decline and comparable assessments. The tribunal found that while a reduction was warranted due to significant income decline leading to the AVD, the comparable evidence of Chapel Road Car Park at £60 per space was not sufficiently comparable due to location and shopping centre proximity. The tribunal adopted £80 per space as the appropriate tone, resulting in an RV of £28,500, allowing the appeal in part.

Summary generated from the decision text and checked against it. The appellant was New River Retail Wisbech Ltd, represented.

Grounds argued

Valuation method
Comparable assessments (tone) · decisive

Evidence: Settled assessments, Trading accounts
Hearing: 15 April 2021

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The tribunal’s decision in full

Download the PDF · Find it on valuationtribunal.gov.uk