Tribunals · London Borough of Tower Hamlets · 2017 rating list

EXCL FNT ADJ 114-150,, HACKNEY ROAD,, E2 8ET

Warehouse and Premises Decided 7 October 2021 CHG100092714 Vail Williams LLP

OutcomeDismissedThe appeal failed, leaving the value at the figure the Valuation Officer had already conceded.

Original RV£350,000£32.5/m²

Ratepayer sought£138,500

VO conceded first£201,000−43% before the hearing

Tribunal decided£201,000£32.5/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 subject Victorian warehouse property should be valued at £138,500 (£17.10/m²) by reference to the 2010 list valuation and comparable evidence showing minimal value growth in this property category. The tribunal dismissed the appeal, finding the VO's valuation of £201,000 (£32.50/m²) was supported by comparable industrial properties within one mile of the subject property and was not excessive, particularly given the location's proximity to regenerated areas including 'Tech City' and investment post-2010 Olympics.

Summary generated from the decision text and checked against it. The appellant was D & J Simons & Sons Ltd, represented.