Boundary Mills, Unit 2, S60 5TR
Retail Warehouse and Premises Decided 17 December 2025 CHG101189965 Colliers International - Andrew Stacey
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 the rateable value of £1,050,000 (main space rate £85/m2) for a retail warehouse and premises, arguing for a reduction to £565,500 (main space rate £47.50/m2) based on comparable properties. The tribunal found the subject property's passing rent unreliable (being agreed between connected parties) and that most comparable evidence did not assist. However, having regard to the Newcastle Boundary Mills property (assessed at £47.50/m2 after a 27% reduction in the 2023 list), and considering the subject property's superior location and access compared to Newcastle, the tribunal determined a main space rate of £72.50/m2 was fair and reasonable, resulting in a revised rateable value of £910,000.
Summary generated from the decision text and checked against it. The appellant was Libra Textiles Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Valuation method
- Evidence
- Rents, Settled assessments, Expert report
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson; Simpsons Mall Ltd v Jones
- Hearing
- 17 November 2025
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