Tribunals · Cornwall Council · 2017 rating list

POUNDLAND 23, FORE STREET, PL25 5PS

Retail unit and premises Decided 10 January 2024 CHG100921150 Colliers International - Daniel Johnstone

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV£102,000£390/m²

Ratepayer sought£83,500

VO conceded first£98,000−4% before the hearing

Tribunal decided£94,000£360/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 and should be valued at £320/m² Zone A instead of £390/m². The tribunal found that the original rate of £390/m² was too high but that the appellant's proposed £320/m² was too low. The tribunal determined that £360/m² Zone A was the most appropriate rate based on the most relevant rental evidence (particularly properties at 27, 32 and 38 Fore Street) and the property's location, resulting in an RV of £94,000 instead of the original £102,000.

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