1 ST F KNOLLYS HOUSE 47, MARK LANE, EC3R 7QH
Offices and premises Decided 18 March 2025 CHG100394282 Altus Group - Oakland - Manchester/Ryan Property Tax Services UK Limited
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 argued that the tone for the subject office properties should be reduced from £420/m2 to £390/m2, relying on rental evidence from comparable properties in Knollys House and neighbouring buildings. The Tribunal found the rental evidence from 3rd and 2nd floors of Knollys House (analysed at £403-407/m2) and comparable properties at 50 Mark Lane and 90 Fenchurch Street persuasive, but noted all rents analysed above £400/m2 and considered the subject properties' 1960s build disadvantages. The Tribunal adopted a tone of £410/m2 as a compromise, allowing the appeals in part and reducing the RVs from £545,000 to £535,000 for the first two floors.
Summary generated from the decision text and checked against it. The appellant was AmTrust Management Services Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 25 February 2025
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