Tribunals · London Borough of Southwark · 2017 rating list

338-339, Shopping Centre, Elephant & Castle, Elephant & Castle, SE1 6TB

Shop and premises Decided 17 October 2022 CHG100392690 GL Hearn Limited - Star 2017

OutcomeDismissedThe appeal failed, leaving the value at the figure the Valuation Officer had already conceded.

Original RV£104,000£500/m²

Ratepayer sought£74,500

VO conceded first£87,000−16% before the hearing

Tribunal decided£87,000£500/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 Clarks factory outlet shoe shop, argued the assessment of £500/m² was excessive and should be reduced to £425/m² based on the passing rent of £75,000 (reviewed in 2014 with nil increase). The tribunal found the passing rent was a good starting point but comprised a rent review with limited weight. The tribunal considered comparable rental evidence and found the Valuation Officer's comparables (particularly Unit 311 Price Buster at £605/m² and Unit 305 Price Buster at £532/m²) more persuasive as new lettings closer to the valuation date, and found £500/m² supported by the evidence, dismissing the appeal.

Summary generated from the decision text and checked against it. The appellant was C & J Clark Properties Limited, represented.