Tribunals · City of Westminster · 2017 rating list

Basement Part To First Floor, 44 Regent Street, W1B 5RA

Shop and premises Decided 8 March 2024 CHG100838337 GL Hearn Limited - Star 2017

OutcomeDismissedThe appeal failed, leaving the value at the figure the Valuation Officer had already conceded.

Original RV£2,280,000£7000/m²

Ratepayer sought£1,900,000

VO conceded first£2,040,000−11% before the hearing

Tribunal decided£2,040,000£6250/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 argued that the first floor retail area, which was 'top heavy' with a floor area of 1,021.09 m² compared to the ground floor of 418.67 m², warranted an adjustment to the value relativity from A/8.264 to A/10. The tribunal found insufficient evidence to support this adjustment and held that the 'top heavy' layout did not constitute a disadvantage warranting a discount. The appeal was dismissed and the RV of £2,040,000 (at £6,250 per m² zone A) was upheld.

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