Tribunals · London Borough of Tower Hamlets · 2017 rating list

UNIT GO4 EXPORT BUILDING, 1 CLOVE CRESCENT, E14 2BA

Gym and premises Decided 14 March 2023 CHG100531109 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.
Original RV£55,500£225/m²
Ratepayer sought£39,500
VO conceded first—
Tribunal decided£55,500£225/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 challenged the rateable value of £55,500 (at £225/m²), proposing instead £39,500 (at £160/m²), arguing the rent should be analysed over five years without a 20% uplift for fit-out costs. The tribunal found the Valuation Officer's analysis of the rent correct, accepting the 20% uplift to reflect fit-out costs on the new-build shell unit and the application over the full lease term was reasonable. Adjusting the analysed rent to the 2015 valuation date using the RPI produced an estimated rate of £235/m², which did not show the existing assessment of £225/m² to be excessive.

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

Grounds argued

  • Rental evidence · decisive
  • Comparable assessments (tone)
Evidence
Rents, Expert report
Cases cited
Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC); Scottish and Newcastle (Retail) Ltd v Williams (VO) [2000]; Poplar Assessment Committee v Roberts [1922]; Townley Mill v Oldham Assessment Committee [1936]; Lotus and Delta Ltd v Culverwell (VO) and Leicester City Council [1976] RA141
Hearing
15 February 2023

Similar decisions

All decisions in London Borough of Tower Hamlets · Pubs, hotels and leisure nationally

Is your own rateable value in line?

A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.

Check a property

The tribunal’s decision in full

Download the PDF · Find it on valuationtribunal.gov.uk

Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.