Tribunals · City of Westminster · 2017 rating list

RM 401a 4th Floor, 1 Berkeley Street, W1J 8DL

Serviced offices Decided 19 July 2022 CHG100110645 Colliers International - Damien Clarke

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

Original RV£21,250£937.5/m²

Ratepayer sought£14,000

VO conceded first—

Tribunal decided£20,500£914.38/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 argued the rateable values should be based on the actual rent passing at £625/m² following the September 2015 rent review. The tribunal found the rental evidence relating to the subject property was unreliable because the rent reflected a lease renewal rather than a new letting, and dividing it by the appellant's total floor area included common parts. The tribunal found settlement evidence for comparable serviced offices at 16 Berkeley Street compelling and adopted the agreed unadjusted rate of £875/m² with adjustments for quantum and the absence of raised floors to determine the valuations.

Summary generated from the decision text and checked against it. The appellant was I W Group Services Ltd, represented.