LUTRON (INC 101-106 FENCHURCH STREET), PT 4TH F 52-54, LEADENHALL STREET, EC3A 2BJ
Office and premises Decided 25 September 2026 CHG100680791 Savills
Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure.
What was argued and what the tribunal found
The appellant challenged the rateable value of office accommodation on the grounds of excessive valuation tone and inadequate allowance for material change of circumstances arising from neighbouring redevelopment works. The tribunal rejected the tone challenge, finding the Respondent's adopted rate of £475 per m² supported by rental evidence and settled comparables, but allowed the appeal in part by increasing the MCC allowance from 10% to 20%, reflecting the scale, proximity and prolonged duration of the redevelopment works and the property's direct overlooking exposure. The RV was reduced to £141,000.
Summary generated from the decision text and checked against it. The appellant was LUTRON EA LTD, represented.
Grounds argued
- Comparable assessments (tone)
- Change of circumstances · decisive
- Building works or disturbance nearby
- Change of circumstances
- redevelopment works
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions, Photographs
- Cases cited
- Lotus & Delta Ltd v Culverwell (VO) & Leicester City Council; Millers Mutual Association v Cates (21 Arlington Street); Lutron EA Ltd v Ricketts (4th Floor, Veritas House, 125 Finsbury Pavement); Gardiner & Theobald LLP v David Jackson (VO)
- Hearing
- 21 September 2026
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