Tribunals · Nottingham City Council · 2017 rating list

Foxhall Business Centres, 2 King Street, NG1 2AS

Office and premises Decided 29 November 2021 CHG100674779 Bird and Howes - Richard Howes

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£75,500£95/m²

Ratepayer sought£54,500

VO conceded first£63,500−16% before the hearing

Tribunal decided£54,500£65/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 that the valuation was excessive, relying on rental evidence including a holding-over rent at £71.48/m² and a comparable property (15-17 King Street) let in May 2015 at £48.16/m² (lifted to £65/m²). The tribunal found that the Valuation Officer's assessment of £76/m² was unreasonable and, applying the Lotus & Delta principles starting from the actual passing rent, determined that a main space rate of £65/m² more adequately reflected the property's characteristics and the rental evidence in the locality.

Summary generated from the decision text and checked against it. The appellant was King Street Business Centre Ltd, represented.