Tribunals · Derby City Council · 2017 rating list

Unit 1, The Corn Exchange, DE1 2DS

Shop and premises Decided 22 February 2022 CHG100180387 David Brown Commercial - Robert Riley

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

Original RV£29,000

Ratepayer sought£15,500

VO conceded first£23,250−20% before the hearing

Tribunal decided£16,500£140/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 challenged the rateable value of Unit 1, The Corn Exchange, Derby, originally £29,000 and reduced by the VO to £23,250, arguing that the Zone A price of £200 per m2 was excessive. The appellant proposed £135 per m2 based on comparable rents from other units in the Corn Exchange building. The tribunal allowed the appeal in part, finding that rental evidence from units within the Corn Exchange (ranging from £124-£165 per m2) demonstrated a pattern of lower values than the VO's comparables, which were more modern purpose-built units. The tribunal adopted £140 per m2 as reasonable, particularly as this aligned with a contemporaneous rent only six months from the AVD, and determined a rateable value of £16,500.

Summary generated from the decision text and checked against it. The appellant was Morgan Industrial Properties Limited, represented.