Tribunals · London Borough of Southwark · 2017 rating list

Unit 10.3, The Leather Market, Weston Street, Weston Street, SE1 3ER

Workshop and premises; Office and premises Decided 3 November 2020 CHG100033458 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£82,500£380/m²

Ratepayer sought£69,000

VO conceded first—

Tribunal decided£82,500£380/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant argued that the rental evidence from Workspace lettings should be disregarded as 'occupation fees' rather than open market rents, and sought a reduction in RV to £320/m2 based on comparable properties elsewhere. The tribunal found the rental evidence from the subject properties and other units in the same building to be the most pertinent and relevant evidence, accepting the Valuation Officer's analysis of £380/m2, and dismissed the appeals on the grounds that the appellant had not provided credible evidence to justify the proposed reduction.

Summary generated from the decision text and checked against it. The appellant was Reardon Smith Architects Ltd, represented.