Tribunals · Leicester City Council · 2017 rating list

14 Humberstone Gate, LE1 3PH

Shop and Premises Decided 13 July 2023 CHG100719029 Colliers International

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

Original RV£76,500£1450/m²

Ratepayer sought£44,250

VO conceded first£65,000−15% before the hearing

Tribunal decided£59,750£1250/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

TUI UK Ltd appealed against the RV of £76,500 for a travel agency shop on the grounds of material change of circumstances caused by building works to upper floors of the building. The appellant sought £44,250 based on a Zone A rate of £920 per m², while the Valuation Officer defended £65,000. The tribunal found that the Valuation Officer's Zone A rate of £1,360 per m² was excessive and, after considering rental evidence from comparable properties and the trend of falling rents, determined that £1,250 per m² was supported by the evidence. The appeal was therefore allowed in part, with the RV reduced to £59,750 for the period when building works were occurring.

Summary generated from the decision text and checked against it. The appellant was TUI UK LTD, represented.