3 RD FLR, 6165 CONDUIT STREET, W1S 2JB
Offices and premises Decided 15 October 2024 CHG100116569 Altus Group - Oakland - Manchester
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 appellant argued that the rateable values of three office floors at 61-65 Conduit Street, London were excessive, contending that a tone of £900/m² was too high and proposing values based on £755-810/m² with adjustments for inferior air conditioning. The tribunal found that the Valuation Officer's comparable evidence from other office properties in Conduit Street, analysing at rents above £900/m², was more persuasive, with greater weight placed on lettings closer to the antecedent valuation date. The tribunal was satisfied that £900/m² was reasonable and that the appellant had 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
- Comparable assessments (tone)
- Rental evidence
- Valuation method
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Lamb v Go Outdoors Ltd
- Hearing
- 16 September 2024
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