Tribunals · London Borough of Camden · 2017 rating list

M196 1st Flr A1 Upper Lock, Hawley Wharf, Camden Lock, Commercial Place, Commercial Place, NW1 8RP

Restaurant unit Decided 7 June 2024 CHG101071152 Knight Frank - Rating

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV—

Ratepayer sought£19,000

VO conceded first—

Tribunal decided£27,750£600/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's representative argued that the subject restaurant unit at Hawley Wharf Market should be valued at £19,000 (£410/m²) based on rental evidence affected by Covid-related concessions and comparable modern developments. The Valuation Officer contended for £1,400/m² based on actual rents paid and comparable assessment at 250 Camden High Street. The tribunal determined £27,750 (£600/m²), finding the VO's valuation excessive compared to premium London locations while accepting that Camden Market's tourist destination status warranted a higher value than similar developments in Kings Cross, and using the first-floor comparable at 250 Camden High Street as a benchmark.

Summary generated from the decision text and checked against it. The appellant was A'DO'RE fritto, represented.