Tribunals · Barrow-in-Furness Borough Council · 2017 rating list

Furness Building Society, 51-55 Duke Street, LA14 1RT

Offices and premises Decided 9 May 2023 CHG100438049 Allan Associates

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

Original RV£97,500£43.71/m²

Ratepayer sought£43,500

VO conceded first£73,500−25% before the hearing

Tribunal decided£73,000£43/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 argued the property was obsolete and beyond economic repair, proposing RV £43,500 based on a £43/m² rate. The Valuation Officer revised their position to £73,500, applying a £43/m² rate with a 5% reduction for the second floor. The tribunal found the property was not obsolete as comparable evidence (Phoenix House) showed demand for similar office properties existed, and repair costs of £159,900 were economic for a reasonable landlord. The tribunal allowed the appeal in part, determining that a 15% (rather than 5%) reduction was warranted for the second floor due to its restricted use and lack of lift access, resulting in a final RV of £73,000.

Summary generated from the decision text and checked against it. The appellant was Furness Building Society, represented.

Grounds argued

economic repair · decisive
Valuation method
Comparable assessments (tone)

Evidence: Measurement survey, Photographs, Expert report, rental_evidence
Hearing: 18 April 2023

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The tribunal’s decision in full

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