Tribunals · City of Westminster · 2017 rating list

1ST FLR, 36-38 LEXINGTON STREET, W1F 0LJ

Offices and premises Decided 11 June 2021 CHG100091661 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£36,500£500/m²

Ratepayer sought£28,750

VO conceded first—

Tribunal decided£36,500£500/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 4 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant contended that the rateable values of four office floors should be reduced from £500/m2 to £375/m2, citing rental comparables from nearby streets and recent settlements. The tribunal found that the comparable properties and settlements relied upon were not within the same locality as the appeal properties and therefore not sufficiently comparable. The tribunal placed most weight on a rent of £558.99/m2 for similar office space in the same street, which supported the existing valuations. The tribunal dismissed the appeals as the appellant failed to discharge their burden of proving the properties were overvalued.

Summary generated from the decision text and checked against it. The appellant was ALR Music Limited, represented.