Tribunals · City of London Corporation · 2017 rating list

PT GND 1ST 2ND & MEZZ FS, 119-121 MIDDLESEX STREET, E1 7JF

Fitness centre and premises Decided 19 March 2025 CHG100079085 Altus Group - Oakland - Manchester/Ryan Property Tax Services UK Limited

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£101,000£350/m²

Ratepayer sought£54,500

VO conceded first—

Tribunal decided£101,000£350/m²

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, a fitness centre operator, challenged the RV of £101,000 (based on £350/m²) and sought a reduction to £54,500 (£190/m²), arguing the property should be valued as a Pilates studio rather than on an office scheme basis. The tribunal found that the rent agreed in June 2013 (£95,000 per annum) less than two years before the antecedent valuation date (1 April 2015) was the strongest evidence, supporting the £350/m² valuation. The tribunal rejected the appellant's comparable properties as generally larger and less comparable, and found no persuasive evidence that the market had dropped sufficiently between 2013 and 2015 to justify the proposed £54,500 RV.

Summary generated from the decision text and checked against it. The appellant was Ten Health and Fitness Ltd, represented.