Tribunals · Hastings Borough Council · 2017 rating list

UNIT 2 ENVIRO21 PARK, QUEENSWAY AVENUE SOUTH, TN38 9AG

Warehouse and premises Decided 20 November 2023 CHG100772786 Altus Group - Oakland - Manchester

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

Original RV£81,000

Ratepayer sought£75,000

VO conceded first£78,000−4% before the hearing

Tribunal decided£78,000£66/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 sought a reduced RV of £75,000 based on a tone of £63.50 per m², arguing that a premium paid on the comparable leasehold property should be devalued over the full ten-year lease term. The Valuation Officer defended £78,000 based on a tone of £66.00 per m², devaluing the premium over five years to the rent review. The tribunal found that normal practice is to devalue premiums until the rent review, and as the comparable lease had a review after five years, the premium should be devalued over five years rather than ten, supporting the VO's assessment of £78,000.

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

Grounds argued

Rental evidence
Comparable assessments (tone) · decisive

Evidence: Rents, Expert report, Photographs
Cases cited: Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
Hearing: 23 October 2023

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The tribunal’s decision in full

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