Tribunals · Milton Keynes City Council · 2017 rating list

653 MIDSUMMER BOULEVARD, CENTRAL MILTON KEYNES, MK9 3BQ

Shop and Premises Decided 13 November 2023 CHG100748787 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£48,750£1000/m²

Ratepayer sought£25,000

VO conceded first—

Tribunal decided£48,750£1000/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 argued that the rateable value of £48,750 (based on £1000/m2 zone A rate) was excessive and should be reduced to £25,000 (£513.30/m2), relying on a 2020 lease showing lower market rent and comparable properties with smaller RV increases. The tribunal found the 2014 lease at £49,000 pa (£1002.04/m2) was the best evidence as it was within a year of the valuation date with no adjustments, and was supported by comparable evidence from 571 Midsummer Boulevard at the same tone. The tribunal concluded the appellant had not demonstrated the existing assessment was unreasonable and dismissed the appeal.

Summary generated from the decision text and checked against it. The appellant was Jennings Racing Limited, represented.

Grounds argued

Rental evidence · decisive
Comparable assessments (tone)

Evidence: Rents, Settled assessments
Cases cited: Lotus and Delta v Culverwell; Gardiner and Theobald LLP v David Jackson
Hearing: 17 October 2023

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The tribunal’s decision in full

Download the PDF · Find it on valuationtribunal.gov.uk