Tribunals · City of Westminster · 2017 rating list

5 TH FLR WEST, 1 KNIGHTSBRIDGE, SW1X 7LX

Decided 20 October 2022 CHG100344921 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% allowance for material change of circumstances caused by building works opposite the properties at 1-5 Grosvenor Place. The tribunal found that whilst significant works had been undertaken, by the material dates (December 2019 and February 2020) the demolition was complete and significant structural work had finished. Photographs from January 2020 and March 2021 showed minimal external works with glass fitting underway. The tribunal was not persuaded that the hypothetical tenant would negotiate a reduced rental, particularly given the distance of approximately 17m and the reduced intensity of remaining works.

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