Tribunals · London Borough of Islington · 2017 rating list

BST & GRD FLR, 52 CHAPEL MARKET, N1 9EW

Shop and premises Decided 8 March 2021 CHG100079898 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 argued that the zone A price per square metre should be reduced from £850/m² to £750/m², citing rental evidence from 32 Chapel Market at £746/m². The Tribunal considered the rental evidence from three Chapel Market properties (32, 38, and 61 Chapel Market) agreed by the parties at £746/m², £848/m², and £964/m² respectively. The Tribunal found that £850/m² was reasonable as it properly reflected the basket of rental evidence available at the valuation date, and the appellants had insufficient grounds to discount the higher comparative rents. The appeals were dismissed.

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