Tribunals · City of Westminster · 2017 rating list

Grd & 1st Flrs 1,, Stanhope Gate,, W1K 1AG

Offices and premises Decided 1 February 2021 CHG100065310 Altus Group - Oakland - Manchester

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

Original RV£640,000

Ratepayer sought—

VO conceded first—

Tribunal decided£610,000from 1 Apr 2017

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 3 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant argued that rental values were adversely affected by extensive demolition and construction works at nearby Nos. 4-6 Stanhope Gate, which commenced in November 2015 and were ongoing at the material dates. The tribunal found that the level of disturbance would affect rental values and, relying on comparable evidence from 12 Stanhope Gate (where a 7.16% allowance was agreed), determined that an allowance of 5% for the ground and first floors and second floor (material day March 2018) and 3.5% for the third floor (material day February 2019) was fair and reasonable to reflect the disruption suffered.

Summary generated from the decision text and checked against it. The appellant was Evercore Partners International LLP, represented.