Tribunals · Nuneaton and Bedworth Borough Council · 2023 rating list

UNIT H4, PILGRIMS WALK, PROLOGIS PARK, KERESLEY,, CV6 4QG

Factory and premises Decided 24 December 2025 CHG101163367 Ryan Property Tax Services UK Limited

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

Original RV£196,000£70/m²

Ratepayer sought£162,000

VO conceded first—

Tribunal decided£182,000£60/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 the subject hereditament should be valued as a factory and premises (not a large distribution warehouse) with a reduced tone of value of £55 per m². The Valuation Officer had assessed it at £196,000 based on £70 per m², later increasing to £200,000 at £66.61 per m². The tribunal agreed the property should be valued as a factory and premises, but found neither party's proposed tone fully reflected the evidence. After weighing comparable assessments and rental evidence, the tribunal determined a tone of £60 per m² was fair, reflecting the subject property's location within Prologis Park (superior estate with 24-hour security and dual access) compared to Unit 2 Mallory Way (inferior location at £55 per m²), resulting in a tribunal RV of £182,000.

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