Tribunals · City of Westminster · 2017 rating list

2ND FLR 10, STRATTON STREET, W1J 8LG

Offices and premises Decided 17 February 2025 CHG100171447 Altus Group - Oakland - Manchester

OutcomeMixed

Original RV£520,000£1000/m²

Ratepayer sought£495,000

VO conceded first—

Tribunal decided£520,000£1000/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 argued for reductions in rateable values based on a main space price of £950/m2 rather than £1000/m2, relying on comparable rental evidence from other Stratton Street properties and assessments. The tribunal found the original assessments reasonable for the 2nd and 3rd floors based primarily on rental evidence from 1st Floor Right at 5 Stratton Street (£965/m2, indexed to AVD) and the superior quality of the subject property compared to 8/9 Stratton Street. For the 6th floor, the tribunal allowed the appeal in part, applying a 5% allowance for mansard roof disadvantages to achieve £265,000 RV, finding this floor demonstrably inferior.

Summary generated from the decision text and checked against it. The appellant was Glen Point Capital LLP, represented.