Pt 3rd Flr 55, Old Broad Street, EC2M 4RX
Offices and premises Decided 19 March 2025 CHG100785482 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 a reduced tone of value of £375/m2 was appropriate for the office properties. The tribunal considered rental evidence for the subject properties and comparable properties in the building, including rents agreed close to the antecedent valuation date (1 April 2015). The tribunal found the valuation officer's tone of £420/m2 to be fair and reasonable, supported by compelling rental evidence including two rents agreed close to the AVD (9th Floor at £518/m2 and 10th Floor at £488/m2), 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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