Tribunals · London Borough of Camden · 2017 rating list

Unit 7B, The O2 Centre, NW3 6LU

Unit 7B, restaurant premises Decided 2 March 2022 CHG100394375 Gerald Eve LLP/Gerald Eve LLP - R Stoney

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

Original RV£107,000£350/m²

Ratepayer sought£95,500

VO conceded first—

Tribunal decided£95,500£310/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

Pizza Express (Restaurants) Ltd appealed the RV of £107,000, initially seeking £92,500 (£300 per m²) and subsequently £95,500 (£310 per m²) at the hearing. The tribunal found that the Valuation Officer's analysed comparable rents could not be relied upon due to inconsistencies between caseworkers in how rents were devalued. The tribunal adopted the appellant's analysis of the appeal hereditament's rent and comparable restaurants within the O2 Centre scheme, which devalued to between £270-£313 per m², and therefore adopted £310 per m² as the appropriate price per m², resulting in an RV of £95,500.

Summary generated from the decision text and checked against it. The appellant was Pizza Express (Restaurants) Ltd, represented.