Tribunals · London Borough of Tower Hamlets · 2023 rating list

Grnd Flr And Pt 1st Flr At 429, Westferry Road, E14 3AL

Offices and Premises Decided 21 July 2025 CHG101177939 Marston Associates - Martin Brownstone

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£30,250£200/m²

Ratepayer sought£26,000

VO conceded first—

Tribunal decided£30,250£200/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 sought a reduction in the main space rate from £200 to £190 per m² and applied a 75% allowance for the ground floor 'unclassified' area (former bank vault), proposing an RV of £26,000. The tribunal found that the rent passing on the subject property, particularly the lease renewal agreed on 20 August 2021 for £27,500-£30,000 pa (analysed at £28,750 pa), supported the current RV of £30,250 at £200 per m². The tribunal noted that any disadvantages of the vault area would have been reflected in the rent agreed, and dismissed the appeal.

Summary generated from the decision text and checked against it. The appellant was Holland Properties Ltd, represented.