Tribunals · London Borough of Islington · 2017 rating list

Corner of Parkhurst Road / Camden Road, N7 0SH

Workshop and premises Decided 26 August 2021 CHG100120083 Rapleys LLP - Alan Watson

OutcomeDismissedThe appeal failed, leaving the value at the figure the Valuation Officer had already conceded.

Original RV£24,250£90/m²

Ratepayer sought£20,000

VO conceded first£23,500−3% before the hearing

Tribunal decided£27,500£106.38/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 argued the rateable value should be £20,000 based on the actual rent agreed on 25 December 2016. The Tribunal accepted the Valuation Officer's amended valuation of £27,500 (reflecting £115/m2 adjusted to £106.38/m2 with layout allowance) and dismissed the appeal. Although the appeal property's rent was relevant evidence, it was agreed 20 months after the antecedent valuation date and was a tenant holding over rather than a new letting; by contrast, comparable industrial properties showed rents of £106.69-£135.15/m2 from open market lettings closer to the valuation date, which carried greater weight under the rating hypothesis.

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