Tribunals · City of Westminster · 2017 rating list

4 TH FLR, 43, UPPER GROSVENOR STREET, W1K 2NJ

Office and premises Decided 22 August 2023 CHG100709296 Altus Group - Oakland - Manchester

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£427,500

Ratepayer sought£405,000

VO conceded first—

Tribunal decided£405,000from 23 Jul 2018

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant contended that redevelopment of the former American Embassy into a luxury hotel complex, commenced in 2018 with completion anticipated in 2025, caused material change in circumstances warranting a 10% end allowance rather than the 5% allowance originally applied. The tribunal accepted that the seven-year duration of works, proximity of the subject hereditaments (less than 8 metres from hoarding, within an early Georgian terrace with single-glazed windows), and resulting noise and disturbances would have impacted hypothetical tenant negotiations. The tribunal allowed the appeal and increased the allowance from 5% to 10%, reducing the rateable value accordingly.

Summary generated from the decision text and checked against it. The appellant was Arab British Chamber of Commerce, represented.