Tribunals · London Borough of Lambeth · 2017 rating list

Unit 15 R/O Concourse Mainline, Opp Platform 16, Waterloo BR Station, Waterloo BR Station, SE1 7LY

Shop and premises Decided 20 January 2022 CHG100140079 Tanner Rose - Ian Tanner

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£390,000

Ratepayer sought£300,000

VO conceded first£345,000−12% before the hearing

Tribunal decided£300,000from 1 Apr 2017

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 4 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant contended that the subject properties should be valued on the basis of minimum guaranteed rent (MGR) only, excluding supplementary top-up elements which were personal to individual occupiers. The tribunal found that the MGRs had been set through open competitive rental tendering and represented open market value, while supplementary top-ups could reflect excessive performance not achievable by a hypothetical tenant. The tribunal allowed the appeals and determined that the properties should be valued in line with their respective MGRs.

Summary generated from the decision text and checked against it. The appellant was Select Service Partner, represented.