Tribunals · London Borough of Southwark · 2017 rating list

South Warehouse, Canada Water Retail Park, Surrey Quays Road, Surrey Quays Road, SE16 2XU

Warehouse and Premises Decided 9 December 2020 CHG100099840 CBRE - London

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

Original RV£412,500£70/m²

Ratepayer sought£190,000

VO conceded first£238,000−42% before the hearing

Tribunal decided£214,000£63/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 (events venue operator) challenged the rateable value of a former Decathlon warehouse converted to an events venue, arguing for £75,000 later revised to £190,000 based on lack of permanent services. The tribunal found the VO's £70/m2 base rate reasonable given the property's 1999 build versus the only comparable (1950s property at £67.50/m2), but agreed that temporary facilities would reduce a prospective tenant's rental bid. The tribunal allowed the appeal in part, adopting a 10% (not 20%) allowance for lack of services, resulting in £214,000 RV effective 9 November 2018.

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