Tribunals · London Borough of Southwark · 2017 rating list

Unit TRG, Trowbray House, 108 Weston Street, SE1 3QB

Office and Premises Decided 10 November 2020 CHG100044695 Altus Group - Oakland - Manchester

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

Original RV£79,000£400/m²

Ratepayer sought£57,000

VO conceded first—

Tribunal decided£71,000£360/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 challenged the rateable value of two converted office units within a historic industrial building, arguing the applied price of £400 per m² was too high given the building's age and condition compared to newer nearby offices. The tribunal accepted that the rental agreements did not meet the rating hypothesis and required significant adjustment, making them less reliable. The tribunal was persuaded by comparable evidence showing newer purpose-built offices in the locality valued at £350-£460 per m², and found the subject property's valuation out of line. However, it rejected the appellant's proposed £270 per m² as unsupported, instead adopting £360 per m² and allowing the appeals in part.

Summary generated from the decision text and checked against it. The appellant was Nice and Serious Ltd, represented.