Tribunals · London Borough of Camden · 2017 rating list

3 -5 CAXTON WALK, WC2H 8HD

Restaurant and premises Decided 22 December 2021 CHG100100431 Altus Group - Oakland - Manchester

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£164,000£1250/m²

Ratepayer sought£85,000

VO conceded first—

Tribunal decided£85,000£650/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 restaurant and premises on Caxton Walk, London, arguing that the valuation adopted too high a rate per square metre. The Valuation Officer had reduced the RV from £164,000 to £100,000 (at £765/m²) but the tribunal found the Appellant's proposed rate of £650/m² more appropriate, relying primarily on the passing rent of £82,500 per annum from the subject property itself, which was set at a 2014 rent review, as the best evidence available in the basket of comparables. The tribunal found that the Officer's sole comparable (24 Cambridge Circus) was significantly larger and in a different location, making it unreliable for comparison. The appeal was allowed and the RV was set at £85,000.

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