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
Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 4 properties together; the figures above are for this appeal's property (Unit 15 R/O Concourse Mainline, Opp Platform 16, Waterloo BR Station, London SE1 7LY). Every property is listed below.
The 4 properties in this decision
One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| Casey Jones, East Concourse, Victoria Station, London SW1 1JT | £390,000 | £300,000 | £300,000 | Allowed |
| Unit 1 Mainline Concourse Opp Platform 16, Waterloo BR Station, London SE1 7LY | £505,000 | £350,000 | £350,000 | Allowed |
| Unit 15 R/O Concourse Mainline, Opp Platform 16, Waterloo BR Station, London SE1 7LYThis appeal | £535,000 | £320,000 | £320,000 | Allowed |
| Unit R18, Paddington Station, London W2 1HB | £675,000 | £450,000 | £450,000 | Allowed |
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.
Grounds argued
- Rental evidence · decisive
- Evidence
- Rents, Settled assessments
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO)
- Hearing
- 12 January 2022
Similar decisions
- 21A Landor Road, SW9 9RT — Allowed in part, 30 Sept 2024
- Unit 1 Mainline Concourse, Opp Platform 16, Waterloo BR Station, Waterloo BR Station, SE1 7LY — Allowed, 20 Jan 2022
- Tea House Theatre, 139 Vauxhall Walk, SE11 5HL — Dismissed, 7 Apr 2021
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