Tribunals · London Borough of Southwark · 2017 rating list

UNIT 4 AT 43-47 GLENGALL ROAD, SE15 6NJ

Warehouse and premises Decided 14 February 2022 CHG100160607 Altus Group - Oakland - Manchester/Altus Group

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£104,000£150/m²

Ratepayer sought£80,500

VO conceded first—

Tribunal decided£80,500£115.5/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 argued that the rateable value of £104,000 based on a rate of £150/m2 was out of kilter with comparable properties in the vicinity, particularly Unit 1 (analysed at £107/m2 with a quantum adjustment) and Unit B (at £83.50/m2). The tribunal found that Unit 1 provided very good evidence as a new letting just five months after the antecedent valuation date, and Unit B further supported a lower valuation. The tribunal determined that Unit 3 was unreliable as it was only a rent review, not market-tested, and had remained unchanged since 2009. The tribunal allowed the appeal and determined an RV of £80,500 based on a rate of £115.50/m2.

Summary generated from the decision text and checked against it. The appellant was Philip Kingsley Products Limited, represented.