Tribunals · City of Westminster · 2017 rating list

6TH FLR 10, STRATTON STREET, W1J 8LG

Offices and premises Decided 17 February 2025 CHG100171528 Altus Group - Oakland - Manchester/Ryan Property Tax Services UK Limited/Ryan Property Tax Services UK Limited

OutcomeMixed

Original RV£280,000£1000/m²

Ratepayer sought£252,500

VO conceded first—

Tribunal decided£265,000£950/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 contended that the rateable values for three office floors should be reduced based on comparable rental and assessment evidence at neighbouring properties, arguing for a main space price of £950/m2 instead of £1000/m2, with an additional 5% allowance for the sixth floor's disadvantages. The tribunal dismissed the appeals for the second and third floors, finding the original £1000/m2 valuation reasonable having regard to rental evidence closest to the antecedent valuation date, particularly at 5 Stratton Street which had superior rental values. However, the tribunal allowed the appeal in part for the sixth floor, accepting that a 5% end allowance for mansard roof disadvantages was justified, reducing the RV to £265,000.

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