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Tribunals · City of Westminster · 2017 rating list

3 RD FLR 10, STRATTON STREET, W1J 8LG

Offices and premises Decided 17 February 2025 CHG100529380 Ryan

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.
Original RV · 2017 list£515,000
Ratepayer sought£492,500
VO conceded first—
Tribunal decided£515,000from 23 Jun 2019

Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 3 properties together; the figures above are for this appeal's property (3rd Flr, 10 Stratton Street, London W1J 8LG). Every property is listed below.

The 3 properties in this decision

One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.

The properties covered by this tribunal decision, with the figures it states for each
PropertyOriginal RVSoughtTribunal decidedOutcome
2nd Flr, 10 Stratton Street, London W1J 8LG£520,000£495,000£520,000Dismissed
3rd Flr, 10 Stratton Street, London W1J 8LGThis appeal£515,000£492,500£515,000Dismissed
6th Flr, 10 Stratton Street, London W1J 8LG£280,000£252,500£265,000Allowed in part

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.

Grounds argued

  • Rental evidence
  • Comparable assessments (tone)
Evidence
Rents, Settled assessments
Cases cited
Lotus and Delta v Culverwell
Hearing
27 January 2025

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The tribunal’s decision in full

Download the PDF · Find it on valuationtribunal.gov.uk

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.