Tribunals · London Borough of Tower Hamlets · 2017 rating list

UNIT 8 AT 15, WESTERN GATEWAY,, E16 1AP

Restaurant and premises Decided 28 May 2021 CHG100092351 JMA Chartered Surveyors

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

Original RV—£318/m²

Ratepayer sought£61,000

VO conceded first£74,000

Tribunal decided£64,500£220/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 that the rateable value of £95,500 (£318/m2) was excessive and sought a reduction to £61,000 (£195/m2), claiming the restaurant should be valued lower than marina-fronted units. The Valuation Officer reduced the valuation to £74,000 (£240/m2) but the appellant did not accept this. The tribunal found that comparable rental evidence was limited and that Unit 7 (the superior comparable) commanded a higher rent due to marina views and outdoor seating. The tribunal allowed the appeal in part, determining a fair rate of £220/m2 with a 5% uplift for return frontage, a 5% split-level allowance, and an air conditioning addition, resulting in an RV of £64,500.

Summary generated from the decision text and checked against it. The appellant was Al Masar Restaurant Ltd, represented.