Tribunals · London Borough of Tower Hamlets · 2017 rating list

Suite 3 (MD Suite) 7th Flr 5 Greenwich View Place, E14 9NN

Offices and premises Decided 13 November 2020 CHG100038183 Tanner Rose - James Massey

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV£68,500£250/m²

Ratepayer sought£54,500

VO conceded first—

Tribunal decided£61,500£225/m²

Figures are as stated in the decision; a dash means the document does not state that figure.

What was argued and what the tribunal found

The appellant argued that the office should be valued at £200 per square metre (psm) resulting in an RV of £54,500, citing changed circumstances in the local area and comparison with nearby developments. The respondent maintained the current £250psm valuation was appropriate. The tribunal found sufficient rental evidence within City Reach itself, with rents predominantly in the £200-250psm range, and determined that a middle ground of £225psm was fair and reasonable, reducing the RV to £61,500.

Summary generated from the decision text and checked against it. The appellant was Sir Robert Ogden Estates Ltd, represented.