Tribunals · City of Westminster · 2017 rating list

4 TH FLR, 55, ST JAMES'S STREET, SW1A 1LA

Office and Premises Decided 3 February 2025 CHG100817180 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£695,000£1100/m²

Ratepayer sought—

VO conceded first—

Tribunal decided£695,000£1100/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 7 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant challenged the rateable value of seven office units at 55 St James Street, proposing a reduction in the rate per m² from £1,100 to £1,000. The tribunal examined rental evidence for the subject properties and comparable offices on St James Street, finding that the rents agreed for the subject building (particularly the 4th Floor at £1,146.55/m² and 3rd Floor at £1,166.33/m²) supported the assessment. The tribunal concluded that the subject building was unique as a new bespoke modern Grade A office development with no comparable period buildings, and the rental evidence from the subject building itself carried more weight than settlement evidence from older refurbished buildings. The appeal was dismissed and the RV of £1,100/m² was found reasonable.

Summary generated from the decision text and checked against it. The appellant was AlbaCore Capital LLP, represented.