Tribunals · City of London Corporation · 2017 rating list

69-71 Queen Street, EC4R 1EE

Restaurant and premises Decided 13 July 2023 CHG100774608 Altus Group - Oakland - Manchester

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.
Original RV£84,000£500/m²
Ratepayer sought£63,500
VO conceded first—
Tribunal decided£76,000£450/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 £84,000 (UAR £500 p/m2), seeking a reduction to £63,500 (UAR £375 p/m2), arguing the original valuation was unreasonable. The tribunal reviewed rental evidence including comparable properties (Bloomberg Arcade units) and concluded that a UAR of £450 p/m2 was reasonable, resulting in an approved rateable value of £76,000.

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

Grounds argued

  • Rental evidence · decisive
Evidence
Rents, Settled assessments
Cases cited
Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
Hearing
3 July 2023

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