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Property

Gnd F 132, Tottenham Court Road, London, W1T 5AZ

Contents

Valuation

Current rateable value (1 April 2023 to present)

£78,500

This is the rateable value for the property. It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate the business rates bill.

Estimate your business rates bill

Valuations for this property

Valuations Help with Valuations Effective date Help with Effective date Rateable value
CURRENT 1 April 2023 to present 1 April 2023 £78,500
PREVIOUS 1 April 2017 to 31 March 2023 1 April 2017 £87,000

Valuation details

Description Help with Description
Shop and premises
Local council
Camden
Local council reference Help with Local council reference
00948013200013
Rating list Help with Rating list
2023
Effective date Help with Effective date
1 April 2023
Valuation scheme reference Help with Valuation scheme reference
625782
Base rate Help with Base rate
£1,800.00
Measurement method Help with Measurement method
Net internal area
Transitional relief certificate issued Help with Transitional relief certificate issued
No
Special category code Help with Special category code
249G

How the rateable value is calculated

The Valuation Office Agency (VOA) uses a ‘rental’ method to value high street businesses like shops, hairdressers, betting shops and banks.

The VOA gathers information about rents paid for shops and businesses. It analyses the information and works out a price per square metre. It also considers local conditions and things like unusual shops shapes, split levels and sales areas hidden by pillars.

Zoning is used to apply the price per square metre to the property and get the rateable value. Each zone covers the width of the shop and has a depth of 6.1 metres. Zone A starts at the shop window. As you move further into the shop, each zone is half the value of the one before it. Spaces like store rooms or upstairs offices are valued but not as a zone.

Features such as air conditioning and lifts may be shown separately in the valuation.

This property is part of valuation scheme 625782 which groups comparable properties together.

More about how business properties are valued

Shop floor areas
Description Area m²/unit £ per m²/unit Value Help with Value
Ground floor retail zone a 30.5 £1,710.00 £52,155
Ground floor retail zone b 30.6 £855.00 £26,163
Total 61.1 £78,318
Additional details
Description Area m²/unit £ per m²/unit Value Help with Value
Air conditioning system 61.1 £7.00 £428
Total £428
Valuation
Total value £78,746
Rateable value (rounded down) £78,500
Get help with this valuation

Help with current valuation

You want to change something in this valuation

You can tell the Valuation Office Agency (VOA) that:

  • your property details (such as floor area sizes and parking) need changing
  • you think your rateable value is too high

You need a business rates valuation account to tell the VOA yourself or appoint an agent to do it for you.

Sign in or register for an account

How to use a business rates valuation account

How the rateable value is calculated

The Valuation Office Agency (VOA) uses a ‘rental’ method to value high street businesses like shops, hairdressers, betting shops and banks.

The VOA gathers information about rents paid for shops and businesses. It analyses the information and works out a price per square metre. It also considers local conditions and things like unusual shops shapes, split levels and sales areas hidden by pillars.

Zoning is used to apply the price per square metre to the property and get the rateable value. Each zone covers the width of the shop and has a depth of 6.1 metres. Zone A starts at the shop window. As you move further into the shop, each zone is half the value of the one before it. Spaces like store rooms or upstairs offices are valued but not as a zone.

Features such as air conditioning and lifts may be shown separately in the valuation.

This property is part of valuation scheme 625782 which groups comparable properties together.

More about how business properties are valued

The rateable value and your business rates bill

£78,500 is the rateable value for this property set by the Valuation Office Agency.

It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate your business rates bill.

Business rates are used to partly fund local council services.

Estimate your business rates bill

You may also be entitled to business rates relief.

Business rates relief

Some properties are eligible for discounts from the local council on their business rates. You have to contact your local council to see if you’re eligible and apply.

More about business rates relief

Contact your local council

Compare properties

Compare your property with others like yours and see their:

  • rateable values
  • rateable value calculations
Compare properties
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If you are having trouble using this service, you can contact us for help.

Email address: ccaservice@voa.gov.uk