- Description Help with Description
- Post office and premises
- Local council
- Westminster city
- Local council reference Help with Local council reference
- 400359205204
- Rating list Help with Rating list
- 2017
- Effective date Help with Effective date
- 1 April 2017
- Valuation scheme reference Help with Valuation scheme reference
- 343923
- Base rate Help with Base rate
- £900.00
- 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
- 429G
Property
Bst & Grd Flr 52-56, Great Portland Street, London, W1W 7NE
Contents
Valuation
Current rateable value (1 April 2017 to present)£165,000
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.
Valuations for this property
| Valuations Help with Valuations | Effective date Help with Effective date | Rateable value |
|---|---|---|
| FUTURE from 1 April 2023 | 1 April 2023 | £146,000 |
| CURRENT 1 April 2017 to present | 1 April 2017 | £165,000 |
| PREVIOUS 31 July 2015 to 31 March 2017 | 1 April 2010 | £82,500 |
| PREVIOUS 1 April 2010 to 30 July 2015 | 1 April 2010 | £87,500 |
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 343923 which groups comparable properties together.
| Description | Area m²/unit | £ per m²/unit | Value Help with Value |
|---|---|---|---|
| Ground floor ground floor sales | 164.75 | £850.50 | £140,120 |
| Basement floor mess/staff room | 15.7 | £225.00 | £3,533 |
| Basement floor internal storage | 32.2 | £180.00 | £5,796 |
| Basement floor mess/staff room | 20.8 | £225.00 | £4,680 |
| Basement floor kitchen | 10.2 | £236.25 | £2,410 |
| Basement floor internal storage | 1.5 | £180.00 | £270 |
| Basement floor internal storage | 6.8 | £180.00 | £1,224 |
| Basement floor internal storage | 41.8 | £171.00 | £7,148 |
| Total | 293.75 | £165,181 |
| Total value | £165,181 |
|---|---|
| Rateable value (rounded down) | £165,000 |
Help with current 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 accountYour rateable value may change on 1 April 2023
The Valuation Office Agency (VOA) regularly updates the rateable values of all business properties in England and Wales to reflect changes in the property market. The next revaluation will come into effect on 1 April 2023.
Compare properties
Compare your property with others like yours and see their:
- rateable values
- rateable value calculations
Report a problem with this page.
If you are having trouble using this service, you can contact us for help.
Email address: ccaservice@voa.gov.uk