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The VTE decision
The VTE decision
The VTE (the President, Mr Gary Garland) allowed the ratepayer’s appeals in relation to both properties. As to the Shoosmiths Property the VTE reduced the existing assessment of a rateable value of £640,000 to £595,000; the Mando Property assessment was reduced from £71,000 to £44,000. In arriving at these figures, the VTE decided that the Category A values were £195 per m2 for the Shoosmiths Property and £80 per m2 for the Mando Property, and adopted uplifts of £15 and £10 per m2 respectively for the value of the tenants’ Category B fitting out.
- Heading
- Introduction
- The legal and practical background
- The properties and the VTE decision
- The Mando Property
- The VTE decision
- The VO’s case in these appeals
- The Shoosmiths Property
- The Mando Property
- The Tribunal’s approach to valuation in these appeals
- The Shoosmiths Property in Manchester
- The rateable value of the Shoosmiths Property calculated by reference to the landlord’s payment for the cost of the Category B fitting out work
- Mr Brown’s calculation of the Category A value
- The comparable evidence for Category A lettings of Grade A office space in Manchester
- The comparable evidence for Category B lettings of Grade A office space in Manchester
- Our conclusions about the Shoosmiths Property
- The Mando Property in Liverpool
- The Category A rental market in Liverpool and the effective Category A rent for the Mando Property
- The amortised cost of the Category B fitting out at the Mando Property
- The Category B comparables
- The witnesses’ conclusions
- The Tribunal’s conclusion about the Mando Property
- Conclusions