Hobbs, Unit 8, B2 4BF
Shop and Premises Decided 30 August 2022 CHG100274388 Gerald Eve LLP - J Davies
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 £129,000 based on a zone A rate of £1,400 per m² was excessive, arguing that the subject property's actual rent of £100,000 pa (adjusted for incentives) suggested a rate of £645-£870 per m². However, the tribunal found that the subject rent lacked reliability due to missing lease details regarding capital contributions. Relying on comparable rental evidence for similar units in the same shopping centre with an adopted rate of £1,400 per m², which analysed between £1,510-£1,824 per m², the tribunal concluded that the existing valuation was fair and reasonable and dismissed the appeal.
Summary generated from the decision text and checked against it. The appellant was Hobbs Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 2 August 2022
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