UNIT 6 ROYAL OPERA HOUSE, THE PIAZZA, WC2E 8HD
Shop and premises Decided 8 July 2021 CHG100094055 Altus Group - Oakland - Manchester
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 challenged the rateable value of a Covent Garden shop unit, arguing that the zone A price of £5,250/m² adopted by the Valuation Officer was too high. The appellant proposed £4,500/m² based on rental evidence from comparable units showing prices between £4,239/m² and £5,012/m². The tribunal found material errors in the Valuation Officer's rental data for comparable properties and, having regard to the overall basket of rents including units let before and near the antecedent valuation date, determined that a zone A price of £4,800/m² was reasonable, resulting in a revised RV of £380,000.
Summary generated from the decision text and checked against it. The appellant was Paperchase Products Ltd, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents, Expert report
- Cases cited
- Lotus and Delta v Culverwell; Simpsons Malt and Others v Craig Jones; Denton v TH White Ltd; Gardiner and Theobald LLP v David Jackson
- Hearing
- 10 June 2021
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