4 TH FLR VERITAS HOUSE 125, FINSBURY PAVEMENT, EC2A 1NQ
Office and premises Decided 24 October 2023 CHG100327665 Savills UK Limited
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 2017 list entry, arguing that the 12.5% end allowance for material change of circumstances caused by adjacent building works (a 27-storey demolition and construction project) was insufficient and should be increased to 27.5%. The tribunal found that evidence from photographs and comparable properties (particularly 6 Great Sutton Street with a 15% allowance) demonstrated that a higher allowance was warranted to reflect the scale, duration, and impact of the works, which involved party-wall demolition and ongoing construction. The tribunal allowed the appeal in part, determining that a 25% allowance was reasonable, reducing the RV from £204,000 to £175,000 effective from 1 May 2019.
Summary generated from the decision text and checked against it. The appellant was Luton EA Ltd, represented.
Grounds argued
- Change of circumstances
- Change of circumstances
- building works disturbance - adjacent demolition and 27-storey construction
- Evidence
- Photographs, Expert report
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)
- Hearing
- 26 September 2023
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