Tribunals · London Borough of Camden · 2017 rating list

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

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.
Original RV£16,250£2700/m²
Ratepayer sought—
VO conceded first—
Tribunal decided£16,250£2700/m²

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

Similar decisions

All decisions in London Borough of Camden · Shops nationally

Is your own rateable value in line?

A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.

Check a property

The tribunal’s decision in full

Download the PDF · Find it on valuationtribunal.gov.uk

Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.