5TH FLR FINWELL HOUSE, 26 FINSBURY SQUARE, EC2A 1DS
Offices and premises Decided 9 January 2025 CHG100086353 Ryan
Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 2 properties together; the figures above are for this appeal's property (5th floor, Finwell House, 26 Finsbury Square, London, EC2A 1DS). Every property is listed below.
The 2 properties in this decision
One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| 5th and 6th floors, Finwell House, 26 Finsbury Square, London, EC2A 1DS | £745,000 | £715,000 | £715,000 | Allowed in part |
| 5th floor, Finwell House, 26 Finsbury Square, London, EC2A 1DSThis appeal | £372,500 | £357,500 | £358,750 | Allowed in part |
What was argued and what the tribunal found
The appellant sought a reduction in the price per m² from £485 to £465, arguing that rent free periods should be analysed to the first review following city protocol. The tribunal accepted the respondent's approach that rent free periods should be analysed to the second review as the property was outside the city locality. However, the tribunal was satisfied the original price of £485 per m² was unreasonable and, on consideration of the rental evidence particularly for the 1st, 2nd and 3rd floors, accepted the appellant's revised figure of £465 per m².
Summary generated from the decision text and checked against it. The appellant was M J Quinn Integrated Ltd and Mc Bains Cooper Consulting Ltd, represented.
Grounds argued
- Rental evidence · decisive
- Valuation method
- Evidence
- Rents, Expert report
- Cases cited
- Gardiner & Theobald LLP v David Jackson [2018] UKUT 0253 (LC); Bunyan (VO) v Acenden Limited [2023] UKUT 17 (LC); Lotus and Delta v Culverwell (VO) and Leicester City Council [1976] RA 141
- Hearing
- 9 December 2024
Similar decisions
- 2ND & 3RD FLRS 15 BONHILL STREET, EC2A 4DN — Allowed, 8 Sept 2025
- 2ND & 3RD FLRS 15 BONHILL STREET, EC2P 2EA — Agreed at hearing, 8 Sept 2025
- 5TH-6TH FLRS FINWELL HOUSE, 26 FINSBURY SQUARE, EC2A 1DS — Allowed in part, 9 Jan 2025
- 34 MARGERY STREET, WC1X 0JJ — Dismissed, 12 Dec 2024
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