34 MARGERY STREET, WC1X 0JJ
Office and premises Decided 12 December 2024 CHG100177215 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 contended the subject property, a modern office and premises on the ground floor of an apartment block completed in 2004, should be valued at £390/m² with various allowances for lack of raised floors, inferior air conditioning, and poor natural light, seeking a revised RV of £149,000. The Valuation Officer maintained the assessment at £450/m², supported by rental evidence from comparable properties in the immediate locality, particularly 14 New Wharf Road valued at £405/m² when toned to the antecedent valuation date. The tribunal found the appellant had failed to produce sufficient evidence to justify the reduction, noting that the rental evidence from similar ground floor office suites in the same locality supported the existing assessment, and determined no allowances were justified for the claimed deficiencies.
Summary generated from the decision text and checked against it. The appellant was Thornsett Group Plc, represented.
Grounds argued
- Comparable assessments (tone)
- Floor area or measurement
- Rental evidence
- Valuation method
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner and Theobald LLP v David Jackson
- Hearing
- 13 November 2024
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