Tribunals · London Borough of Camden · 2017 rating list

BST & GND FLR, UNIT 1, CAFE ROUGE 77 KINGSWAY, wc2b 6st

Restaurant and premises Decided 13 January 2023 CHG100160548 Gerald Eve LLP - CCA

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£257,500£1000/m²

Ratepayer sought£164,000

VO conceded first£246,000−4% before the hearing

Tribunal decided£164,000£630/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, a restaurant operator, challenged the original rateable value of £257,500 (£1,000/m²), arguing the property should be valued at £164,000 (£630/m²) using A3 (restaurant) comparables rather than A1 (retail) classification, and citing actual rent evidence of £158,000 pa (2014) and £185,000 pa (2019) analysing to £614.52/m² and £719.50/m² respectively. The tribunal found the actual rent evidence was strong, not an outlier, and supported by comparable evidence from other Kingsway properties (123 Kingsway at £575/m² and 50-54 Kingsway at £691/m²), rejecting the respondent's reliance on newer lettings at higher rates. The tribunal determined the rate of £630/m² was reasonable, allowing the appeal.

Summary generated from the decision text and checked against it. The appellant was Casual Dining Services Limited, represented.