PT 6TH FLR EAST PROSPECT HOUSE, 80-110 NEW OXFORD STREET, WC1A 1HB
Office premises Decided 7 March 2025 CHG100093985 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 challenged the RV of £357,500 (£600 per m²), proposing £293,000 (£491 per m²). The dispute centred on the amortisation of an eighteen-month rent-free period and the valuation method. The tribunal applied the Lotus and Delta principles and the Valuation Officer's consistent methodology across all comparable rents. The tribunal found the appellant failed to provide the subject lease or evidence of break clauses and rejected the DCF method argument, concluding the RV was not excessive given comparable properties in the same building.
Summary generated from the decision text and checked against it. The appellant was Andros Maritime Agencies Ltd, represented.
Grounds argued
- Rental evidence
- Valuation method
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions
- Cases cited
- Lotus and Delta v Culverwell; Bunyan (VO) v Acenden Limited; Gardiner & Theobald LLP v David Jackson (VO)
- Hearing
- 19 February 2025
Similar decisions
- (INCL 2ND & 3RD FS STH 11) 10, NEW SQUARE, WC2A 3QD — Allowed, 18 Sept 2026
- 3RD FLR EAST 1, BEDFORD AVENUE, WC1B 3AU — Allowed in part, 18 Aug 2026
- 3rd Flr, 120 Holborn, EC1N 2TD — Mixed, 1 Jul 2026
- 65 King's Cross Road, WC1X 9LN — Agreed at hearing, 1 Jul 2026
All decisions in London Borough of Camden · Offices nationally
Is your own rateable value in line?
A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.
Check a propertyThe tribunal’s decision in full
Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.