Tribunals · London Borough of Lambeth · 2017 rating list

Unit 7, 18 Leake Street, SE1 7NN

Events space and premises Decided 20 March 2023 CHG100340850 Conneely Tribe - Mr Paul Tribe

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

Original RV£57,500£400/m²

Ratepayer sought£27,500

VO conceded first—

Tribunal decided£50,000£350/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 the rateable value of £57,500 based on £400 per m² was excessive and proposed £27,500 (£235 per m²), citing comparable restaurant premises in SE1 valued at lower rates and arguing the tunnel location lacked natural light. The tribunal accepted that £400 per m² was excessive but found insufficient evidence to support reduction to £235 per m². The tribunal determined a rate of £350 per m² was reasonable, placing most weight on the Arches 145-146 Hungerford Bridge comparable which was closest to the antecedent valuation date and similarly located near Waterloo Station, resulting in a reduced rateable value of £50,000.

Summary generated from the decision text and checked against it. The appellant was an individual ratepayer, represented.