Tribunals · London Borough of Tower Hamlets · 2017 rating list

Unit G01 GND FLR, Metropolitan Wharf Building, Metropolitan Wharf Building, E1W 3SS

Restaurant and premises Decided 23 April 2021 CHG100134885 Conneely Tribe - Mr Paul Tribe

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£82,500£350/m²

Ratepayer sought£66,500

VO conceded first—

Tribunal decided£82,500£350/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 contended the subject rent of £70,000 (analysed at £281.42 per m2) was the best evidence and sought a reduction to £66,500. The Valuation Officer relied on a basket of comparable rental evidence supporting £350 per m2. The tribunal found that whilst the subject rent was the starting point, it was too far removed from the antecedent valuation date (1 April 2015) to attach significant weight. Applying the Lotus and Delta framework, the tribunal preferred the Valuation Officer's comparable evidence showing rents ranging from £365.68 to £660.20 per m2, which supported the £350 per m2 valuation as reasonable.

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