Tribunals · City of Westminster · 2017 rating list

Second Floor, 115 Mount Street, W1K 3NQ

Office and premises Decided 11 December 2020 CHG100054257 Conneely Tribe

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

Original RV£58,000£675/m²

Ratepayer sought£38,000

VO conceded first—

Tribunal decided£47,000£550/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellants sought reduction of the first floor RV from £58,000 to £38,000 and second floor from £35,500 to £20,000, based on lease agreements reached in September 2015 at £439.31/m². The Valuation Officer argued for the original valuations at £675/m². The tribunal found the agreed rents were not true open market values, having been negotiated in an artificial market with the landlord retaining the residential third floor. Comparable properties at 130 Mount Street (£675/m²) were newly refurbished and of superior quality. The tribunal adopted a middle-ground rate of £550/m², determining RV of £47,000 (first floor) and £28,000 (second floor).

Summary generated from the decision text and checked against it. The appellant was John Arkwright and Co Ltd, represented.