Tribunals · London Borough of Southwark · 2017 rating list

Unit 10.2, The Leather Market, Weston Street, Weston Street, SE1 3ER

Workshop and premises; Office and premises Decided 3 November 2020 CHG100033466 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 sought a reduction in rateable value from £82,500 to £69,000 for unit 10.2 (and correspondingly for unit 10.3), arguing that the Workspace serviced office rents were not open market transactions and that comparable properties in different locations supported a lower tone of value at £320/m2. The tribunal found the rental evidence from the subject properties themselves, which analysed to £380/m2, to be the most pertinent and relevant evidence, particularly given that of 101 units in the building, there had been no other challenges. The tribunal dismissed the appeal and confirmed the original assessments as fair and reasonable.

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