1 st Flr Unit 2.22, Buck Street Market 198, NW1 8QP
Retail units (former shipping containers arranged over three floors) Decided 19 January 2024 CHG101055384 Appeal My Rates UK Ltd
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 8 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants argued that the price per m² of £2,700 adopted was too high, contending that the units were in a secondary location due to being on upper floors, had restricted opening hours, and that a rent concession backdated to 1 March 2020 demonstrated the valuation was incorrect. The tribunal found that rental evidence from the immediate locality from 2014-15 (ranging from £1,360.07 to £3,022.97 per m²) provided the best evidence and supported the adopted price per m². The tribunal was not persuaded that the units were in a secondary location or that the restricted opening hours significantly affected value, and dismissed all appeals.
Summary generated from the decision text and checked against it. The appellant was Appeal My Rates UK Ltd (representing the occupiers: Aleksander Stefanov; The Spirited Camden Ltd; Conquer Hospitality Ltd; Rico Burrito; SP & Shaan Ltd; Elia – Pure Greek Food Ltd; Toko Bali Ltd; Glass Food and Drink Ltd), represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Zoning or layout
- Evidence
- Rents
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC); Vistra International Expansion Ltd and others v Ms Dawn Bunyan (Valuation Officer)
- Hearing
- 20 December 2023
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