PITNEY BOWES PLC THE BARROW, ROYDON ROAD, CM19 5BL
Offices and premises Decided 2 October 2025 CHG100766994 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 sought a reduction from £87,000 (original RV) to £70,500, arguing the property was overvalued compared to comparable offices at Sandringham and Hounslow Business Parks which had been reduced to £80 per m2, and that the subject property lacked air-conditioning and raised floors. The tribunal found that while a UAR of £65 per m2 was not supported by the evidence, accounting for the property's lower quality compared to purpose-built offices, the lack of full air-conditioning (only air-cooling cassettes), and the absence of raised floors, a hypothetical tenant would pay no more than £75 per m2, resulting in an RV of £80,500.
Summary generated from the decision text and checked against it. The appellant was SES Group Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents, Photographs, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 9 September 2025
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