UNIT 1, PRINCES GATE, CM20 2SU

What was argued and what the tribunal found

The appellant challenged the rateable value of a retail warehouse at £101,000 (£102.50 per m2), proposing £74,000 (£75 per m2). The Valuation Officer reduced it to £89,000 (£90 per m2). The Tribunal found that the subject property rent of £81,282 net per annum (analysing to £82.02 per m2), agreed in 2020 and close to the antecedent valuation date, was compelling evidence of open market rent. Although comparable assessments from the same retail park showed inconsistent patterns and different retail parks were not persuasive, the Tribunal determined that the property's location on a smaller, tucked-away retail park with limited visibility warranted an adopted price of £85 per m2, resulting in a revised RV of £84,000. The appeal was allowed in part.

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

Grounds argued

• Rental evidence
• Comparable assessments (tone)

Evidence

Rents, Settled assessments

Cases cited

Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson

Hearing

6 May 2026

Similar decisions

• Argos, Unit 2A, CM20 2TN — Allowed in part, 8 Apr 2024

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