Tribunals · London Borough of Merton · 2017 rating list

Pc World, Unit 1, SW19 2PP

Retail warehouse and premises Decided 3 July 2024 CHG100918854 GL Hearn Limited - Star 2017

OutcomeDismissedThe appeal failed, leaving the value at the figure the Valuation Officer had already conceded.

Original RV£580,000£300/m²

Ratepayer sought—

VO conceded first£482,500−17% before the hearing

Tribunal decided£482,500£240/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 sought a reduction from £482,500 to £432,500 (£207.50/m²), arguing the existing valuation of £240/m² was unreasonable. The tribunal accepted the appellant's rent was the starting point under Lotus & Delta, but found it required significant adjustment as the lease was subsidised with a substantial inducement of £625,000. Considering comparable evidence including Unit 1 Plough Lane (£230/m²) and DFS Furniture at Shannon Corner (£235/m²), the tribunal found an established tone of value for similar properties and concluded the existing valuation at £240/m² was not unreasonable, dismissing the appeals.

Summary generated from the decision text and checked against it. The appellant was Dunelm (Soft Furnishings) Ltd, represented.