UNIT 1/2, HYTHE QUAY, CO2 8JB
Warehouse and premises Decided 7 August 2023 CHG100749263 Altus Group - Oakland - Manchester
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 2017 rating list entry for a warehouse at Hythe Quay, Colchester, arguing the valuation was excessive based on rental evidence and comparable warehouse assessments. The tribunal found that while the subject rent provided a starting point, comparable properties (particularly R/O 6 Commerce Way) indicated a lower tone of value was appropriate, especially as the subject property was older with lower eaves than more modern comparables assessed at lower values. The tribunal adopted a tone of £27.50 per m² (rather than the original £29.75 per m²), reducing the RV from £38,500 to £35,750.
Summary generated from the decision text and checked against it. The appellant was Assembly Direct Mail Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v Jackson
- Hearing
- 21 July 2023
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