Tribunals · Mid Devon District Council · 2017 rating list

18/20 MARKET WALK, TIVERTON, EX16 6BL

Shop and premises Decided 8 September 2021 CHG100181796 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV—£280/m²

Ratepayer sought£37,250

VO conceded first£51,500

Tribunal decided£51,500£266/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 contended that the rateable value of £51,500 (based on a Zone A rate of £266/m2) was too high and should be reduced to £37,250 based on a rate of £200/m2, arguing that comparable properties in Market Walk supported a lower rate. The tribunal accepted that while the appellant's rental evidence for the property itself was unreliable (the September 2015 renewal at £28,500 appeared to be discounted to attract customers), the basket of rents from comparable properties in Market Walk and Bampton Street, analysed to rates ranging from £130/m2 to £373.97/m2, supported the unadjusted Zone A rate of £280/m2. The tribunal found the Bampton Street properties comparable as they were close to the shopping centre and benefited from passing trade, and dismissed the appeal.

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

Grounds argued

Comparable assessments (tone)
Rental evidence

Evidence: Rents, Photographs, Expert report
Cases cited: Lotus and Delta v Culverwell; K Shoe Shops v Hardy
Hearing: 16 August 2021

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The tribunal’s decision in full

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