Tribunals · City of Westminster · 2017 rating list

2 ND FLR, 20 CONDUIT STREET, W1S 2BQ

Offices and Premises Decided 19 October 2021 CHG100119777 Altus Group - Oakland - Manchester

OutcomeAllowedThe tribunal reduced the rateable value.
Original RV£59,500£550/m²
Ratepayer sought£54,000
VO conceded first—
Tribunal decided£54,000£500/m²

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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