Tribunals · City of London Corporation · 2017 rating list

Bst & Gnd Floors, 62 Carter Lane, EC4V 5EA

Wine bar and premises Decided 11 May 2021 CHG100105103 De Villiers Surveyors - Mark Short

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

Original RV£82,500

Ratepayer sought£72,500

VO conceded first—

Tribunal decided£75,000£466/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 RV of £82,500 seeking reduction to £72,500 for a wine bar with basement and ground floor space. The tribunal placed most weight on the subject property's own rental evidence, finding that the rateable value at the antecedent valuation date would fall between the 2013 rent (£70,000, devalued to £433psm) and the 2018 rent review (£75,000-£82,500, with £75,000 devaluing to £501psm). The tribunal found the comparable evidence provided by both parties lacked sufficient reliability and placed little weight on it. The appeal was allowed in part with the RV reduced to £75,000 based on an unadjusted base rate of £466psm for the bar area.

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