Nationwide, 10-11 Commercial Street, HR1 2DB

What was argued and what the tribunal found

Nationwide Building Society challenged the rateable value of its bank branch, seeking a reduction from £47,000 to £36,000 based on a zone A rate of £425 per m². The Valuation Officer had already reduced the assessment to £45,500 (£540 per m²). The tribunal found that rental evidence from comparable properties on Commercial Street, which analysed to zone A values in excess of £540 per m², supported the respondent's valuation and that the appellant had failed to produce sufficient evidence to justify the claimed reduction. The appeal was dismissed.

Summary generated from the decision text and checked against it. The appellant was Nationwide Building Society, represented.

Grounds argued

• Comparable assessments (tone) · decisive
• Rental evidence

Evidence

Rents, Settled assessments

Cases cited

Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson

Hearing

5 December 2023

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