6, The Exebridge Centre, Cowick Street, EX4 1AH
Retail warehouse Decided 24 December 2025 CHG101218442 Colliers International - Daniel Johnstone
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 sought a reduction from £173,000 (£280 p/m2) to £82,000 (£125 p/m2) on the basis of rental evidence from larger retail warehouse units. The tribunal found that the most persuasive evidence was the latest rent on the subject property itself, which analysed at £196.65 p/m2, supported by tone reductions at comparable retail warehouses nearby. The tribunal rejected reliance on the larger units' rental evidence due to their substantially different size and the presence of turnover provisions, and upheld the valuation officer's reduced rate of £196.50 p/m2 (RV £125,000) as reasonable.
Summary generated from the decision text and checked against it. The appellant was Poundland, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence · decisive
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 17 December 2025
Similar decisions
- 60 Fore Street, Topsham, EX3 0HL — Allowed in part, 18 Nov 2020
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