Tribunals · City of London Corporation · 2017 rating list

2ND F 11-13 CROSSWALL, EC3N 2JY

Office and Premises Decided 9 March 2021 CHG100066738 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed, leaving the value at the figure the Valuation Officer had already conceded.

Original RV£81,000

Ratepayer sought—

VO conceded first£73,000−10% before the hearing

Tribunal decided£73,000from 1 Oct 2017

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 argued that a material change of circumstances arising from adjacent demolition and construction works justified a 17.5% allowance (reducing the RV from £81,000 to approximately £66,825) rather than the 10% allowance (£73,000) granted by the Valuation Officer. The tribunal found that the comparable properties cited by the appellant were not directly comparable as they had been granted allowances for two separate MCCs, and that the 10% allowance was fair and reasonable having regard to the site characteristics, the distance involved, and a recent lease agreed at the property with no rent reduction for the works.

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