Tribunals · London Borough of Islington · 2017 rating list

(INC 12A CHAPEL PLACE) BST & GRD FLR 32, CHAPEL MARKET, N1 9EN

Shop and premises Decided 8 March 2021 CHG100077502 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV—£900/m²

Ratepayer sought—

VO conceded first£35,500

Tribunal decided£35,500£850/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 appellants sought to reduce the rateable values of two Chapel Market shops from the Valuation Officer's conceded figures by adopting a zone A price of £750/m2 rather than £850/m2. The tribunal considered rental evidence for the three Chapel Market properties agreed by the parties as at the antecedent valuation date. Whilst the lowest rent (for the first appeal property at £746/m2) was compelling, the tribunal found weight should also be given to the higher comparables at £848/m2 and £964/m2. The tribunal concluded that £850/m2 was reasonable having regard to the basket of available evidence and dismissed both appeals.

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