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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 Ryan

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.
Original RV · 2017 list—
Ratepayer sought—
VO conceded first£35,500
Tribunal decided£35,500

Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 2 properties together; the figures above are for this appeal's property (Basement and Ground Floor, 32 Chapel Market (Including 12A Chapel Place), London N1 9EN). Every property is listed below.

The 2 properties in this decision

One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.

The properties covered by this tribunal decision, with the figures it states for each
PropertyOriginal RVSoughtTribunal decidedOutcome
Basement and Ground Floor, 32 Chapel Market (Including 12A Chapel Place), London N1 9ENThis appeal——£35,500Dismissed
Basement and Ground Floor, 52 Chapel Market, London N1 9EW£61,000—£57,500Dismissed

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.

Grounds argued

  • Rental evidence
  • Comparable assessments (tone)
Evidence
Rents, Settled assessments, Photographs
Cases cited
Lotus and Delta Ltd v Culverwell
Hearing
18 February 2021

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The tribunal’s decision in full

Download the PDF · Find it on valuationtribunal.gov.uk

Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.