Tribunals · City of Westminster · 2017 rating list

RIGHT 1ST FL WEST, 1 KNIGHTSBRIDGE, SW1X 7LX

Offices and premises Decided 20 October 2022 CHG100180358 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£340,000

Ratepayer sought£322,500

VO conceded first—

Tribunal decided£340,000

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 sought a 5% reduction to the rateable values of three office floors citing building works (Peninsula London development) as a material change of circumstances. The tribunal dismissed the appeals, finding that whilst demolition occurred in September 2017, by the material dates (December 2019 and February 2020) the major construction works were near completion. Photographs taken close to the material dates showed minimal external works and free-flowing traffic. The tribunal was not persuaded that the hypothetical landlord and tenant would negotiate a reduction given that the works were substantially complete and disturbance had diminished significantly since the demolition phase.

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