Tribunals · Cambridge City Council · 2017 rating list

UNIT 8 RESTWELL HOUSE, COLDHAMS ROAD, CB1 3EW

Industrial warehouse unit and premises Decided 22 November 2023 CHG100791793 Altus Group - Oakland - Manchester

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£18,500£80.44/m²

Ratepayer sought£14,500

VO conceded first—

Tribunal decided£14,500£63.5/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 property was over-assessed at £80.44/m² and should be valued at £63.50/m² based on a 2014 lease at £12,000 rising to £16,000. The tribunal found that the 2014 rent, being close to the antecedent valuation date and the only open market new letting, provided the primary evidence for valuation, and that the valuation officer's reliance on later rents (2017 and 2020) and other comparable properties was less compelling. The appeal was allowed with the RV reduced to £14,500 effective from 1 April 2017.

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

Grounds argued

Rental evidence
Comparable assessments (tone)

Evidence: Rents, Settled assessments
Cases cited: Lotus and Delta v Culverwell; Gardiner and Theobald LLP v David Jackson
Hearing: 26 October 2023

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The tribunal’s decision in full

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