Formerly Yokohama Htp Ltd, Dawson Road, Mount Farm, Mount Farm, MK1 1QY
Warehouse and premises Decided 22 July 2025 CHG100827029 Colliers International - Matthew Webb
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 challenged the £270,000 RV for a hybrid warehouse comprising a 1975 workshop and 2000s modern warehouse extension, proposing £211,000 based on £30/m² for the older part with 10% uplift for the newer part and 5% fragmentation allowance. The tribunal found the rental evidence from the 2012 lease (£282,758 rising to £320,000 from January 2016) was the starting point and supported the current RV. Comparable property settlements demonstrated £50/m² for modern warehouse space was appropriate, and no fragmentation allowance applied given two large access points between the buildings. The tribunal dismissed the appeal and confirmed the RV of £270,000 as reasonable.
Summary generated from the decision text and checked against it. The appellant was Rhenus High Tech Ltd, represented.
Grounds argued
- Valuation method
- Comparable assessments (tone) · decisive
- Quantum or end allowance
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions, Photographs
- Cases cited
- Lotus & Delta v Culverwell; Gardiner & Theobald LLP v David Jackson; Denton v TH White Ltd
- Hearing
- 25 June 2025
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- 53, POTTERS LANE, KILN FARM, MK11 3HQ — Dismissed, 3 Jun 2025
All decisions in Milton Keynes City Council · Industrial and warehouses nationally
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