[2025] UKUT 163 (LC)

Fecha: 05-Jun-2025

Conclusions

Conclusion and determination

55.

Our analysis of the two pieces of rental evidence now known to have been available at the AVD, and our finding that there is no discernible evidence of rental growth between the dates of those lettings and the AVD, lead us to conclude that a main space rate of £65.75 per m² is appropriate for distribution warehouses in Hemel Hempstead with 12 metre eaves.

56.

When this figure is applied to the Property, with an area ITMS of 14,183m², the unadjusted assessment is £932,525. We then apply an end allowance of 12.6% for the various disabilities which brings us to £815,027. We then add plant and machinery at £12,091 leading to a final assessment of £827,118. We round to rateable value £825,000.

Mrs Diane Martin TD MRICS FAAV Mr Mark Higgin FRICS FIRRV

5 June 2025

Right of appeal

Any party has a right of appeal to the Court of Appeal on any point of law arising from this decision. The right of appeal may be exercised only with permission. An application for permission to appeal to the Court of Appeal must be sent or delivered to the Tribunal so that it is received within 1 month after the date on which this decision is sent to the parties (unless an application for costs is made within 14 days of the decision being sent to the parties, in which case an application for permission to appeal must be made within 1 month of the date on which the Tribunal’s decision on costs is sent to the parties). An application for permission to appeal must identify the decision of the Tribunal to which it relates, identify the alleged error or errors of law in the decision, and state the result the party making the application is seeking. If the Tribunal refuses permission to appeal a further application may then be made to the Court of Appeal for permission.