Tribunals · Liverpool City Council · 2017 rating list

The Vault, Dakota Drive, L24 8RJ

Distribution warehouses and premises Decided 5 February 2024 CHG100774704 CBRE - David Cownie

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£1,600,000

Ratepayer sought£1,440,000

VO conceded first—

Tribunal decided£1,600,000

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant, B&M Retail Ltd, claimed a material change of circumstances arising from the opening of the Mersey Gateway toll bridge, which imposed costs of approximately £300,000 per annum and sought a 10% reduction in the combined rateable value of The Vault and The Qube warehouses. The tribunal dismissed the appeals, finding that although toll charges constituted a physical matter affecting the locality under Schedule 6 paragraph 2(7)(d), a hypothetical landlord would not have reduced rents because alternative routes were available and the appellant had not demonstrated that overall operating costs were adversely impacted; in any event, the small profit margins and toll costs did not constitute characteristics essential to property value under established rating principles.

Summary generated from the decision text and checked against it. The appellant was B&M Retail Ltd, represented.