Tribunals · London Borough of Lambeth · 2017 rating list

Unit 7, Bessemer Park, SE24 0HG

Warehouse, Office and premises Decided 7 February 2022 CHG100133731 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£39,750£140/m²

Ratepayer sought—

VO conceded first—

Tribunal decided£39,750£140/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 that the main space price should be £116/m2 rather than £140/m2, based on rental analysis of comparable unit 16 Bessemer Park. The tribunal accepted the Valuation Officer's rental analysis establishing £159.79/m2 for the subject property and noted that comparable rents analysed between £109.22/m2 and £252.08/m2, making the adopted scheme valuation of £140/m2 reasonable. The appeal was dismissed as the appellant presented insufficient convincing evidence and no arguments against the valuation scheme of £140/m2 applicable to all Bessemer Park properties.

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