Tribunals · City of Westminster · 2017 rating list

Casey Jones East Concourse, Victoria Station, SW1 1JT

Shop and premises Decided 20 January 2022 CHG100339899 Tanner Rose - Ian Tanner

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£390,000

Ratepayer sought£300,000

VO conceded first£345,000−12% before the hearing

Tribunal decided£300,000from 1 Apr 2017

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 4 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant contended that the subject retail properties at London railway stations should be valued by reference to their minimum guaranteed rent (MGR) only, excluding supplementary top-up elements which were occupier-specific and indicative of exceptional performance. The tribunal agreed, finding that the MGR had been set from open competitive rental tendering and represented open market value, whereas the supplementary top-up could reflect excessive performance not achievable by a hypothetical tenant. All four appeals were allowed and valued at their respective MGRs.

Summary generated from the decision text and checked against it. The appellant was Select Service Partner, represented.