Tribunals · London Borough of Tower Hamlets · 2017 rating list

Alex Oneil, 341-343 Roman Road, E3 5QR

Shop and premises (estate agent) Decided 8 June 2022 CHG100140236 JMA Chartered Surveyors

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£33,750£450/m²

Ratepayer sought£25,500

VO conceded first—

Tribunal decided£25,500from 1 Apr 2017

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 the passing rent of £25,500 (as revised on 23 March 2016 from the original £24,500) should be the starting point for valuation, and that the VO's comparable evidence from much smaller properties was not directly comparable and appeared inflated by small business rate relief. The tribunal found the passing rent provided good evidence of what a hypothetical tenant would pay, particularly as the property occupied an unusual isolated location at the end of the parade, and accepted that the VO had not presented sufficiently verified comparable evidence to reject the actual rent. The appeal was allowed and the RV reduced from £33,750 to £25,500.

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