Grove House Car Park, GREENHILL STREET, GREENHILL STREET, CV37 6LA

What was argued and what the tribunal found

The appellant argued that the car park should be valued using the receipts and expenditure method and contended the RV should be £16,000 (£400 per space, or 20% of gross receipts of £80,000). The Valuation Officer had reduced the RV from £40,500 to £32,000 (£800 per space, or 40% of receipts) during the challenge stage. The tribunal noted that neither party had provided sufficient evidence to justify their percentage split of the divisible balance. Although the appellant provided three comparable car parks valued at £300-£375 per space, the tribunal found the appellant had not supplied adequate evidence to demonstrate the VO's valuation of £32,000 was excessive, and the comparable property of The Market Car Park (adjacent to the subject) supported £1,015 per space. The appeal was dismissed and the RV remained at £32,000.

Summary generated from the decision text and checked against it. The appellant was Boyden Family Settlement, represented.

Grounds argued

• Valuation method · decisive
• Rental evidence

Evidence

Settled assessments, Earlier tribunal decisions, Expert report

Cases cited

BNPPDS Limited & BNPPDS Limited (Jersey) as Trustees for Blackrock UK Property Fund [2022] UT 129 (LC); Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)

Hearing

15 December 2025