Tribunals · City of London Corporation · 2017 rating list

PT LEVEL 1 (E) THAMES HOUSE VINTNERS PLACE, 68 UPPER THAMES STREET, EC4V 3BJ

Offices and Premises Decided 16 December 2024 CHG100794067 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed, leaving the value at the figure the Valuation Officer had already conceded.

Original RV£186,000

Ratepayer sought£68,000

VO conceded first£152,000−18% before the hearing

Tribunal decided£152,000from 21 May 2021

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 argued that the rateable value should be reduced from £186,000 to £68,000 by reducing the base rate and applying a greater allowance for lack of natural light, arguing the subject property should be valued with basement accommodation relativities of 0.5. The tribunal found that the valuation officer had already reduced the base rate from £435psm to £375psm and applied a 10% allowance for lack of natural light, resulting in an RV of £152,000. The tribunal dismissed the appeal, finding insufficient evidence to warrant a greater discount and noting that the property's mixed ground/lower ground location did not justify full basement accommodation relativities.

Summary generated from the decision text and checked against it. The appellant was Miki Travel Limited, represented.