3a Nobel Road, N18 3DX
Warehouse and premises Decided 23 December 2022 CHG100704323 FCS Nationwide Ltd
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 £103,000 (at £70 per m²) should be reduced to £73,000 (at £50 per m²), arguing the RV had increased excessively from £62,500 in the 2010 list and that comparable properties did not support the higher rate. The tribunal found that the rent of 3B Nobel Road, an identical location and similar size/age property, analysed at £62.32 per m² (agreed July 2013), supported a £70 per m² rate when adjusted for rental growth to the antecedent valuation date, and that schemes based on property age supported the differentiation in rates for older comparables; the appeal was dismissed.
Summary generated from the decision text and checked against it. The appellant was Sova Food Wholesale Limited, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 25 November 2022
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