Tribunals · Cheshire East Council · 2017 rating list

Unit 2 Castle Street Mall, Grosvenor Shopping Centre, SK11 6AF

Shop and premises Decided 17 September 2021 CHG100126013 Deloitte LLP - Yee Ke

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£216,000£38/m²

Ratepayer sought£100,000

VO conceded first—

Tribunal decided£216,000£87.56/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 (TK Maxx) argued that fitting out costs should be reflected by applying a 10% uplift to the analysed rent of £38 per m², resulting in £42 per m² and a proposed RV of £100,000. The Valuation Officer contended that, given actual fitting out costs were known and the property was let to an anchor tenant (warranting caution with the rent), the fitting out costs should be fully analysed over the 10-year break clause period, resulting in a price per m² of £87.56. The tribunal dismissed the appeal, accepting the Valuation Officer's method of analysing the actual fitting out costs over 10 years rather than applying the 10% uplift to the analysed rent, and confirmed the RV of £216,000 as correct.

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