Tribunals · North Tyneside Council · 2017 rating list

Sofology, Unit 4, NE28 9PD

Retail warehouse and premises Decided 19 March 2024 CHG100691169 Lambert Smith Hampton - M Oates

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£325,000£350/m²

Ratepayer sought—

VO conceded first—

Tribunal decided£325,000£300/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant sought a reduction in the main space rate from £350/m² to £275/m², arguing that analysis of the subject rents (adjusted for rent-free periods and capital contributions) supported this rate. The tribunal preferred the Valuation Officer's approach of averaging the rent-free period over the full 10-year lease term rather than the appellant's 5-year approach, which produced analysed rents supporting approximately £300/m² when averaged. The tribunal found the current assessment of £300/m² was not unreasonable and supported by comparable Unit 1 at £350/m², and dismissed the appeal.

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