2 ND FLR, 20 CONDUIT STREET, W1S 2BQ
Offices and Premises Decided 19 October 2021 CHG100119777 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 rateable value of £59,500 (based on £550/m²), arguing for a reduction to £54,000 (£500/m²) based on rental evidence. The tribunal found that while the passing rent on the subject property was of limited weight due to being agreed nearly a year after the antecedent valuation date, comparable rental evidence from 54 Conduit Street was most reliable. The tribunal accepted the appellant's proposed rate of £500/m² as fair and reasonable, particularly relying on a rent agreed only 6 months post-valuation date that analysed at £499.46/m², and allowed the appeal.
Summary generated from the decision text and checked against it. The appellant was Conduit Business Solutions Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Expert report, Photographs
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 22 September 2021
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