Tribunals · City of Westminster · 2017 rating list

UNIT 6 ROYAL OPERA HOUSE, THE PIAZZA, WC2E 8HD

Shop and premises Decided 8 July 2021 CHG100094055 Altus Group - Oakland - Manchester

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.
Original RV£417,500£5250/m²
Ratepayer sought£357,500
VO conceded first—
Tribunal decided£380,000£4800/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 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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