Tribunals · London Borough of Tower Hamlets · 2017 rating list

FF, 63 Vyner Street, E2 9DQ

Factory and premises Decided 7 July 2022 CHG100148471 JMA Chartered Surveyors

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV£24,500£210/m²

Ratepayer sought£10,000

VO conceded first—

Tribunal decided£22,250£190/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant argued the subject factory units should be compared against factory comparables at £85 psm, not modern offices. The tribunal found the respondent's office comparable (Markian House at £210 psm) was not truly comparable due to being significantly different. While the appellant's 7 Vyner Street comparable at £83 psm supported a reduction, its periodic tenancy with break clause meant the evidence was not determinative. The tribunal reduced the RV to £190 psm for the ground floor and £161.50 psm for the first floor (reflecting a 15% reduction), balancing the change in size from the split units against the modern office comparables.

Summary generated from the decision text and checked against it. The appellant was James Ince & Sons (Umbrellas) Ltd, represented.