Supreme Court overturns decision to value building at just £1
The Supreme Court has overturned a decision that set the rateable value of a building in Blackpool at just £1.
Mexford House in the North Shore area of the town was purpose-built in 1971 and was used as government offices.
When buildings in the town were given their ratings value in 2010 the building was standing empty.
The rateable value initially entered by the valuation officer with effect from 2010 was £490,000.
The valuation reflected the view that there were other office buildings in the area of similar age and q... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...