Tribunals · London Borough of Camden · 2017 rating list

2 ND FLR 163-170 TOTTENHAM COURT ROAD, W1T 7NP

Offices and premises Decided 22 November 2024 CHG100631043 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£365,000£550/m²

Ratepayer sought£315,000

VO conceded first—

Tribunal decided£365,000£550/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellants contended that offices on the 2nd and 3rd floors were over-assessed at £550/m2, citing settlement evidence from comparable properties that had been reduced to £425-475/m2, and argued for a reduction to £450/m2. The tribunal found that rental evidence from properties in the same building, particularly the 3rd floor let at £474.96/m2 in 2011 rising to £659.66/m2 in 2016, demonstrated market growth that supported the adopted rate of £550/m2 as the lowest within the scheme, and dismissed the appeals as the appellants had failed to produce sufficient evidence to justify the claimed reduction.

Summary generated from the decision text and checked against it. The appellant was ULC Partners Limited and HCA International Limited, represented.