LEOS DISTRIBUTION CENTRE, BROADWAY, S70 6RA
Warehouse and Premises Decided 5 December 2024 CHG101140035 Altus Group - Oakland - Manchester
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 the rateable value of £675,000 was unreasonable when compared to similar properties within the same valuation scheme. The tribunal found that whilst rental evidence was limited, comparable assessments within the scheme showed that Perrigo, valued at £42psm, was superior in location and significantly smaller, and that the majority of other assessments in the scheme were valued between £38-40psm. The tribunal determined the subject property should be valued at £645,000 (£40psm) as it appeared out of kilter with other similar properties in the scheme.
Summary generated from the decision text and checked against it. The appellant was Integrated Third Party Logistics Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- rental_evidence, Settled assessments
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)
- Hearing
- 6 November 2024
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