Tribunals · Cheshire East Council · 2017 rating list

TESCO Distribution Centre Pochin Way, CW10 0TE

Distribution warehouse and premises Decided 1 August 2023 CHG100692379 CBRE - David Cownie

OutcomeDismissedThe appeal failed, leaving the value at the figure the Valuation Officer had already conceded.

Original RV£1,410,000£32/m²

Ratepayer sought£1,130,000

VO conceded first£1,320,000−6% before the hearing

Tribunal decided£1,320,000£32/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 challenged the VO's assessment of £1,320,000 RV (£32/m²), seeking a reduction to £1,130,000 RV (£29/m²). The dispute concerned whether the mezzanine floor should be included in the rental analysis. The tribunal found the actual rent passing on the property unreliable due to the property being unoccupied for two years and the presence of storage racking, and preferred comparable assessments at Unit 75 Erf Way and Wincanton, Erf Way, both valued at £32/m², to support the VO's valuation. The appeal was dismissed.

Summary generated from the decision text and checked against it. The appellant was B & M Retail Ltd, represented.