Tribunals · South Kesteven District Council · 2017 rating list

5 Isaac Newton Shopping Centre, NG31 6EE

Shop and premises Decided 2 May 2024 CHG100884080 Frank Smith

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£18,500

Ratepayer sought£15,250

VO conceded first—

Tribunal decided£18,500£330/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 contended that the zone A price should be reduced from £330/m² to £275/m² based on the rent passing on the subject property (which analysed at £281.86/m²), arguing that comparable evidence was either not comparable or showed a downward trend. The tribunal accepted the VO's approach of considering a basket of rental evidence from the locality rather than relying solely on the subject property rent. The tribunal found the broader rental evidence showed values generally greater than the subject rent, and therefore dismissed the appeal and confirmed the RV of £18,500.

Summary generated from the decision text and checked against it. The appellant was Grace and Co (Retail) Ltd, represented.

Grounds argued

Rental evidence
Comparable assessments (tone) · decisive

Evidence: Rents, tone_of_list_comparables
Cases cited: Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
Hearing: 15 April 2024

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The tribunal’s decision in full

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