2nd Flr Unit 3.17, Buck Street Market 198, Camden High Street, Camden High Street, NW1 8QP
Unit within indoor market (converted shipping containers arranged over three floors) Decided 19 January 2024 CHG101055404 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 appellant contended that the price per m² of £2,700 was excessive, arguing the units were in a secondary location due to being on upper floors with restricted opening hours, and that a landlord's rent concession indicated the valuation was wrong. The respondent relied on rental evidence from the immediate locality close to the antecedent valuation date (2014-15) showing comparable rents of £1,360-£3,023 per m². The tribunal found no compelling evidence that upper-floor units commanded lower rents at this destination market location, dismissed the secondary location argument, gave minimal weight to the restricted hours argument, and confirmed that the rental evidence from the immediate locality from 2014-15 best supported the adopted price per m² of £2,700.
Summary generated from the decision text and checked against it. The appellant was Appeal My Rates UK Ltd (representing: 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
- Comparable assessments (tone)
- Zoning or layout
- Rental evidence
- Evidence
- Rents, Expert report
- Hearing
- 20 December 2023
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