Tribunals · City of Westminster · 2017 rating list

1 ST FLR, 6165 CONDUIT STREET, W1S 2JB

Offices and premises Decided 15 October 2024 CHG100108650 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.
Original RV£365,000£900/m²
Ratepayer sought£330,000
VO conceded first—
Tribunal decided£365,000£900/m²

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 challenged the rateable value of three office floors at 61-65 Conduit Street, proposing a tone of £755/m2 instead of £900/m2, arguing the adopted rate was excessive. The tribunal preferred the Valuation Officer's comparable assessments in Conduit Street (21 Conduit Street, 14-15 Conduit Street, 52-53 Conduit Street) which analysed to higher rents and supported the £900/m2 valuation as the lowest within the valuation scheme. The tribunal found the VO's comparables were closer to the antecedent valuation date and in the same locality, and dismissed the appeals as the appellants failed to produce sufficient evidence to justify reduction.

Summary generated from the decision text and checked against it. The appellant was JRJ Investments Ltd, AKO Capital Management Ltd, Alken Asset Management, represented.

Grounds argued

  • Rental evidence
  • Comparable assessments (tone)
Evidence
Rents, Settled assessments, Photographs, Expert report
Cases cited
Lotus and Delta v Culverwell; Lamb v Go Outdoors Ltd
Hearing
16 September 2024

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