Tribunals · London Borough of Camden · 2017 rating list

Offices And Premises At 1St Floor, 42 Gloucester Avenue, NW1 8JD

Offices and premises Decided 24 February 2021 CHG100120951 Aitchison Raffety Ltd

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

Original RV£181,000£500/m²

Ratepayer sought£133,000

VO conceded first£168,000−7% before the hearing

Tribunal decided£159,000£475/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 £181,000, arguing the property was overvalued and proposing £133,000 based on comparable evidence suggesting £425/m2 and rental analysis of approximately £490/m2. The Valuation Officer maintained the valuation, relying on comparables valued at £400-£500/m2 and rental evidence at £575/m2. The tribunal found that whilst £500/m2 was not excessive per se, a 5% allowance for inferior air-conditioning (applied to other floors in the building and in the prior 2010 list) should have been applied, revising the tone to £475/m2 and resulting in an RV of £159,000.

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