1ST FLR 55, OLD BROAD STREET, EC2N 1AR
Offices and premises Decided 19 March 2025 CHG100709842 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. This decision covers 5 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants argued that the tone of value for main space should be reduced from £420/m2 to £375/m2, relying on analysis of a single rental lease agreed in October 2014. The tribunal found the Valuation Officer's tone of £420/m2 to be fair and reasonable, supported by compelling evidence of rents agreed close to the antecedent valuation date (1 April 2015), particularly two leases on higher floors of the same building that analysed to £518/m2 and £488/m2. The tribunal gave significant weight to this broader basket of rental evidence and dismissed the appeals.
Summary generated from the decision text and checked against it. The appellant was JCW Search Limited, GB Railfreight Ltd, Finn Partners The Travel Company Limited, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 25 February 2025
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