11-14, St Josephs Close, BN3 7ES
Builders merchant and premises Decided 1 April 2026 CHG101179991 Colliers International
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, a builders merchant operator, argued the subject property should be valued at £120/m² (RV £120,000) based on comparable assessments and claiming the valuation tone was higher than similar properties. The tribunal found the Valuation Officer's adopted tone of £140/m² was reasonable, being supported by strong rental evidence on the subject property itself (£132,000 per annum from 2019 and £181,500 from 2024) and new lettings on similar nearby units at approximately the same tone, with evidence of rental growth on the estate. The appeal was dismissed with RV confirmed at £140,000.
Summary generated from the decision text and checked against it. The appellant was Independent Builders Merchant Group, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 16 March 2026
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