Tribunals · Bedford Borough Council · 2017 rating list

UNIT 2, INTERCHANGE RETAIL PARK, RACE MEADOWS WAY, MK42 7AZ

Retail warehouse and premises Decided 15 April 2025 CHG101081113 Altus Group - Oakland - Manchester/Ryan Property Tax Services UK Limited

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

Original RV£155,000£170/m²

Ratepayer sought£87,000

VO conceded first£127,000−18% before the hearing

Tribunal decided£114,000£125/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 challenged a rateable value of £155,000 (based on £170/m²), proposing £87,000 (£95.50/m²). The challenge officer reduced it to £127,000 (£140/m²). The tribunal found the original assessment unreasonable. Whilst the actual rent (£151,860 from 2018) received little weight as it was post-AVD, comparable properties—particularly Unit 4-5 at the same location which had been agreed at £95.50/m²—supported a lower valuation. The tribunal found a quantum allowance inappropriate when larger merged units received the same rate. Accordingly, the tribunal reduced the valuation to £114,000 (£125/m²).

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