5 TH F 51 SOVEREIGN HOUSE, 212214, SHAFTESBURY AVENUE, WC2H 8EB
Office and premises Decided 22 November 2024 CHG100406078 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 that the rateable value of £51,000 was excessive and proposed £44,750 based on rental evidence from the same building (3rd floor let at £299.37/m2) and tone-back analysis from a September 2016 rent review. The Valuation Officer relied on a basket of comparable properties in the locality valued at £400/m2 (reduced to £375/m2 during proceedings). The tribunal examined photographic evidence and found the subject property was of lesser quality than the comparables, determining an unadjusted tone of £350/m2 was appropriate rather than the VO's £375/m2, resulting in a tribunal RV of £44,750.
Summary generated from the decision text and checked against it. The appellant was EMG Media & Marketing Limited, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Valuation method
- Evidence
- Rents, Settled assessments, Photographs
- Cases cited
- Lotus & Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 23 October 2024
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