3rd Floor, St Michaels House, 1 George Yard, 1 George Yard, EC3V 9DH
Offices and premises Decided 14 April 2025 CHG100094003 Altus Group - Oakland - Manchester/Ryan Property Tax Services UK Limited
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 3 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants argued that rental evidence from the 1st Floor (£510 per m²) should apply without an uplift for office fit-out, contending that limited expenditure had been incurred. The Valuation Officer contended for an uplift of £25 per m² to reflect fit-out costs based on a 2016 refurbishment and marketing particulars, resulting in a main space price of £555 per m². The tribunal dismissed the appeals, finding that the building had been refurbished in 2016 prior to the material date, and that an uplift for fit-out was justified in accordance with the central London offices agreement following the Acenden decision.
Summary generated from the decision text and checked against it. The appellant was Lycett, Browne-Swinburne & Douglass Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents, Photographs, Expert report
- Cases cited
- Dawn Bunyan (VO) v Acenden Limited [2023] UK UT 17 (LC); Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)
- Hearing
- 17 March 2025
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