Tribunals · London Borough of Tower Hamlets · 2017 rating list

Gnd Flr 27-33 Bethnal Green Road,, E1 6LA

Shop and premises Decided 27 November 2020 CHG100063936 Altus Group - Oakland - Manchester

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

Original RV£143,000£1000/m²

Ratepayer sought£52,000

VO conceded first£129,000−10% before the hearing

Tribunal decided£99,000£600/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 the property should be valued on an overall basis rather than zoned, citing poor access via buzzer/intercom and raised floor level that would deter most retailers. The tribunal found the zoning method inappropriate due to access disadvantages distinguishing it from comparable ground floor retail on the same road. It adopted an overall basis at £600/m² (derived from comparable properties Byron and Sainsburys) with 20% allowances for poor access and quantum, resulting in £99,000 RV.

Summary generated from the decision text and checked against it. The appellant was Urban Interior London Ltd, represented.