LGND-GND FLR 25-31, IRONMONGER ROW, EC1V 3QN
Yoga centre and premises Decided 15 October 2024 CHG100856780 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 argued the yoga centre should be valued as a leisure facility similar to local gyms at £280/m2, contending the existing office-based valuation at £325/m2 was excessive. The tribunal found the comparable gym properties were fully fitted-out facilities requiring substantial investment to convert, and thus not comparable to the subject property which showed minimal fit-out and could be occupied as office space. The tribunal determined that the rental evidence from comparable office accommodation in Ironmonger Row supported the existing £325/m2 assessment, dismissing the appeal.
Summary generated from the decision text and checked against it. The appellant was Tara Yoga Centre, represented.
Grounds argued
- Valuation method
- mode and category of use
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments, Photographs, Expert report
- Cases cited
- Fir Mill Ltd v Royston UDC (1960) 53 R & IT 389; Dawn Bunyan V Acenden Ltd [2023] UKUT 17 (LC); Lotus & Delta v Culverwell; Williams (VO) v Scottish & Newcastle Retail Ltd [2001] RA 41
- Hearing
- 16 September 2024
Similar decisions
- 376 Camden Road, N7 0LG — Dismissed, 11 Mar 2026
- St John's Tavern Public House, 91 Junction Road, N19 5QU — Dismissed, 20 Nov 2024
- 116N Upper Street, N1 1QP — Allowed in part, 11 Oct 2024
All decisions in London Borough of Islington · Pubs, hotels and leisure nationally
Is your own rateable value in line?
A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.
Check a propertyThe tribunal’s decision in full
Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.