News

Supreme Court overturns £1 valuation of empty building

By 2019-05-16T16:44:00

Supreme Court

Source: Shutterstock/ Lukasz Pajor

The Supreme Court has overturned a decision by the Court of Appeal to set the rateable value of an office building in Blackpool at £1.

The Supreme Court ruling on Telereal Trillium v Hewitt means that Mexford House, an unoccupied three-storey block of offices in the North Shore area of the city, owned by Telereal, is valued at £370,000.

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