GND FL Right, 132 Commercial Street, E1 6NF
Shop and Premises Decided 9 February 2023 CHG100563649 Simon Tivey Rating
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 sought a reduction in the rateable value from £500,000 to £395,000, arguing that the zone A rate of £1,400 per m² was excessive and should be £1,125 per m² based on rental evidence. The tribunal found that the subject property's rent (£1,164 per m²) and rents of two adjacent retail units (£1,174 and £1,042 per m²) demonstrated the adopted tone of £1,400 per m² was excessive, and concluded that £1,125 per m² was supported by the evidence. The tribunal also rejected the inclusion of three car parking spaces as there was no evidence they existed. The appeal was allowed and the RV reduced to £395,000.
Summary generated from the decision text and checked against it. The appellant was URBN UK Ltd, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell (VO) [1976] RA 141; Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)
- Hearing
- 19 January 2023
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