12 TH F FOUNTAIN HSE, 125-135 FENCHURCH STREET, EC3M 5DJ
Office and premises Decided 30 May 2025 CHG100610898 Ryan Property Tax Services UK Limited/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 argued that the property was over-assessed at £375/m² because it was a dated, poor-quality grade C building with short-term lettings, and that multiple rental transactions and comparable property agreements supported a lower rate. The tribunal found that the rate should be reduced to £325/m² based on rental evidence from the property itself and agreements on comparable poor-quality buildings in the locality, resulting in a revised rateable value of £108,000.
Summary generated from the decision text and checked against it. The appellant was Farshid Moussavi Architecture Ltd, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner and Theobold LLP v Jackson
- Hearing
- 6 May 2025
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