Tribunals · Basingstoke and Deane Borough Council · 2017 rating list

100 CEDARWOOD, CHINEHAM PARK, RG24 8WD

Offices and premises Decided 3 February 2023 CHG100765996 Altus Group - Oakland - Manchester

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£83,500£150/m²

Ratepayer sought£66,500

VO conceded first—

Tribunal decided£66,500£120/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 should be reduced from £83,500 to £66,500, based primarily on the rent agreed on the subject property from June 2015. The tribunal found that the rent passing on the subject property, close to the antecedent valuation date, was the best evidence and should form the starting point for valuation. The tribunal accepted that comparable rents from the same development varied significantly, with one property appearing as an outlier and should be given little weight. The tribunal concluded that a tone of £120/m2 was reasonable, reducing the rateable value to £66,500 with effect from 1 April 2017.

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

Grounds argued

Comparable assessments (tone)
Rental evidence

Evidence: Rents
Cases cited: Lotus and Delta v Culverwell
Hearing: 20 January 2023

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The tribunal’s decision in full

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