The Vault, Dakota Drive, L24 8RJ
Distribution warehouses and premises Decided 5 February 2024 CHG100774704 CBRE
Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 2 properties together; the figures above are for this appeal's property (The Vault, Dakota Drive, Liverpool L24 8RJ). Every property is listed below.
The 2 properties in this decision
One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| The Vault, Dakota Drive, Liverpool L24 8RJThis appeal | £1,600,000 | £1,440,000 | £1,600,000 | Dismissed |
| The Qube, Dakota Drive, Liverpool L24 8RJ | £1,370,000 | £1,230,000 | £1,370,000 | Dismissed |
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.
Grounds argued
- Change of circumstances
- Change of circumstances
- toll bridge opening
- Evidence
- Expert report
- Hearing
- 12 January 2024
Similar decisions
- The Qube, Dakota Drive, L24 8RJ — Dismissed, 5 Feb 2024
- Block E Bridge Industrial Estate, Speke Hall Road, l24 9HE — Dismissed, 21 Jun 2022
- Kays Medical, 1 Windward Drive, L24 8QR — Dismissed, 6 Apr 2021
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