Tribunals · London Borough of Islington · 2017 rating list

5TH-6TH FLRS FINWELL HOUSE, 26 FINSBURY SQUARE, EC2A 1DS

Offices and premises Decided 9 January 2025 CHG100087038 Altus Group - Oakland - Manchester

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV£745,000£485/m²

Ratepayer sought£715,000

VO conceded first—

Tribunal decided£715,000£465/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant sought a reduction in the price per m² from £485 to £465 for office properties in Finsbury Square. The key dispute concerned how to analyse rental evidence, particularly the treatment of rent-free periods. The tribunal found the properties were located outside the city boundary and should have rent-free periods analysed to the second review, not the first. The tribunal was persuaded by the appellant's evidence, particularly a comparable rent of £443 per m² (with uplift £468) on the first floor, and accepted that £465 per m² was reasonable, reducing the rateable value accordingly.

Summary generated from the decision text and checked against it. The appellant was M J Quinn Integrated Ltd, represented.