Tribunals · City of Westminster · 2017 rating list

3 RD FLR 10, STRATTON STREET, W1J 8LG

Offices and premises Decided 17 February 2025 CHG100529380 Altus Group - Oakland - Manchester

OutcomeMixed

Original RV£280,000£1000/m²

Ratepayer sought£252,500

VO conceded first—

Tribunal decided£265,000£950/m²

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 for reductions in the rateable values of three office floors at 10 Stratton Street based on a main space price of £950/m² with a 5% allowance for the sixth floor. The tribunal dismissed the appeals for the 2nd and 3rd floors, finding the original £1,000/m² valuation reasonable having regard to comparable rental evidence at 5 Stratton Street (1st Floor Right) which analysed to £965/m² and was valued at £975/m². The tribunal allowed the sixth floor appeal in part, accepting the 5% allowance for mansard roof and structural disadvantages, reducing the RV to £265,000 effective 8 January 2018.

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