GND & PT 1ST FLR, 114 VALLANCE ROAD, E1 5BL
Gymnasium and premises Decided 24 September 2025 CHG100074884 Altus Group - Oakland - Manchester/Ryan Property Tax Services UK Limited
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 the property should be valued as a gymnasium at £125/m² (the base rate for gyms) rather than an office at £170/m². The tribunal found that following planning permission and substantial structural works to convert the property into a gym in 2015, it should be valued as a gymnasium under the principle of rebus sic stantibus. The tribunal adopted £125/m² based on comparable gym properties (particularly The Pill Box at £130/m²), the agreed Greater London gym valuation scheme, and the rental evidence which was found to be an outlier, resulting in an allowed appeal and a reduced RV of £85,000.
Summary generated from the decision text and checked against it. The appellant was Island Fitness Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Expert report, Photographs
- Cases cited
- Lotus and Delta v Culverwell; Scottish & Newcastle Retail Limited & Allied Domecq Retailing Limited v R F Williams
- Hearing
- 22 July 2025
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