PT 4TH F EAST 47, MARK LANE, EC3R 7QQ
Decided 18 March 2025 CHG100409174 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 appellant argued the tone of value should be reduced to £390/m2 based on rental evidence from comparable properties within Knollys House and nearby buildings. The Valuation Officer maintained a tone of £420/m2 based on the basket of rents available at the subject building. The tribunal found the rental evidence from the subject building supported a tone of value between the parties' positions, reducing the tone from £420/m2 to £410/m2, resulting in allowed-in-part appeals with reduced RVs of £535,000 for both the 1st and 2nd floors and £206,000 for the 4th floor.
Summary generated from the decision text and checked against it. The appellant was AmTrust Management Services Limited, Coforge Advantagego Limited, ARB International Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 25 February 2025
Similar decisions
- 5 TH FLR 1, BARTHOLOMEW LANE, EC2N 2AX — Dismissed, 10 Sept 2026
- Petronas Energy Trading Ltd, Petronas Energy Trading Ltd, EC4M 7AW — Dismissed, 20 Jul 2026
- Equistone Partners Europe Limited, PT 6TH FLR 60 Ludgate Hill, EC4M 7AW — Dismissed, 20 Jul 2026
- Ropes & Gray International Llp, 5th Floor South, EC4M 7AW — Dismissed, 20 Jul 2026
All decisions in City of London Corporation · Offices nationally
Is your own rateable value in line?
A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.
Check a propertyThe tribunal’s decision in full
Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.