Tribunals · Sheffield City Council · 2017 rating list

Barclays, 2-12 Pinstone Street, S1 2HN

Bank and premises Decided 29 May 2024 CHG100722842 Jones Lang LaSalle - Ross Haywood

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

Original RV£430,000£150/m²

Ratepayer sought£278,250

VO conceded first£365,000−15% before the hearing

Tribunal decided£365,000£1100/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

Barclays challenged the rateable value of its bank premises on Pinstone Street, Sheffield, arguing the location was inferior to comparable properties and seeking a reduction to £278,250 using a lower zone A rate. The tribunal examined comparable bank properties in the vicinity including Yorkshire Bank, Virgin Bank, HSBC, and Metrobank, and considered the appeal property's rent of £500,000pa, finding the valuation officer's adopted zone A rate of £1,100/m2 reasonable given the property's prominence and proximity to prime retail locations. The tribunal dismissed the appeal, satisfied that the rateable value of £365,000 was not unreasonable.

Summary generated from the decision text and checked against it. The appellant was Barclays Bank Plc, represented.