1 ST FLR SE PART 1,, GREAT CUMBERLAND PLACE,, W1H 7AL
Office and premises Decided 9 March 2021 CHG100081408 Altus Group - Oakland - Manchester
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 sought a reduction in RV to £22,500 (£367.50psm) based on comparable rents from other suites within the same building, arguing the existing valuation of £29,000 (£472.50psm including comfort cooling) was excessive. The tribunal accepted the respondent's evidence that post-antecedent valuation date leases within the building were affected by demolition plans and were not open market value. The tribunal found the £450psm base rate (adjusted to £472.50psm) was reasonable, being consistent with comparable office rents at Berkeley Mews in the same prime location, and dismissed the appeal.
Summary generated from the decision text and checked against it. The appellant was Synergy Associates Ltd, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Evidence
- Rents, Photographs, Expert report
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO)
- Hearing
- 17 February 2021
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