Tribunals · London Borough of Camden · 2017 rating list

BST & GND FLRS, 227 TOTTENHAM COURT ROAD, W1T 7QE

Bank and premises Decided 7 November 2025 CHG100916888 Knight Frank - Bjorn Bowles

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£425,000

Ratepayer sought£347,500

VO conceded first—

Tribunal decided£347,500from 1 Apr 2017

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 vault and staff room should be valued as separate line entries at discounted rates rather than zoned through with the retail space, citing the VOA Rating Manual and the rebus sic stantibus principle from Scottish and Newcastle Retail v Williams. The tribunal accepted that the vault constituted a significant non-permanent structural alteration and, referencing comparable properties (particularly 75 Piccadilly where similar vault provisions were agreed at reduced rates), determined that separate valuation entries with lower rates were appropriate, reducing the RV from £425,000 to £347,500.

Summary generated from the decision text and checked against it. The appellant was Metro Bank PLC, represented.