55-57, EXETER STREET, PL4 0AH
Shop and premises Decided 31 July 2025 CHG101278981 Altus Group - Oakland - Manchester/Ryan Property Tax Services UK Limited
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, represented by a surveyor, argued that the rateable value should be reduced to £18,500 based on a new open market letting of the subject property agreed at six months post the antecedent valuation date, which analysed to £85.07/m2. The Valuation Officer contended for £24,000 (£120/m2) relying on comparable properties, but the tribunal found the lease on the subject property to be the best evidence and gave it significant weight. The tribunal determined that the rental evidence supported a tone of £85.07/m2, reducing the assessment accordingly.
Summary generated from the decision text and checked against it. The appellant was SPICERHAART GROUP LIMITED, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 11 July 2025
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