Tribunals · City of Lincoln Council · 2017 rating list

Units 1/2 Valentine Retail Park, Valentine Road, LN6 7BH

Warehouse and premises Decided 19 May 2025 CHG101076308 GL Hearn Limited - Star 2017

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

Original RV£525,000

Ratepayer sought£415,000

VO conceded first£515,000−2% before the hearing

Tribunal decided£515,000£176/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 (Next PLC) argued that the rateable value of the warehouse at Valentine Retail Park should be reduced from £525,000 to £415,000 (base rate of £140 per m²), claiming insufficient quantum allowance for size compared to comparable properties. The tribunal dismissed the appeal, finding that the valuation officer's revised assessment at £515,000 (£176 per m²) was reasonable, being supported by rental evidence from DFS and TK Maxx comparables, and noting that the subject property occupied a more prominent location within the retail park than The Range, which justified a higher rate despite the size difference.

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

Grounds argued

Rental evidence
Comparable assessments (tone) · decisive
Quantum or end allowance

Evidence: Rents, Settled assessments
Cases cited: Lotus and Delta Limited v Culverwell; Orkney and Shetland Assessor v Beattie; Edinburgh Assessor v Walls; Lamb v Go Outdoors Limited; Futures London Ltd v Stratford; Shoe Shops Ltd v Hardy
Hearing: 2 May 2025

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The tribunal’s decision in full

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