LGND F 20-22, BEDFORD ROW, WC1R 4EB
Offices and premises Decided 13 February 2025 CHG100910300 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 challenged the valuation of lower ground floor offices at £66,000 (£400/m2 unadjusted), proposing £62,000 (£375/m2). The appellant relied on rental evidence from the neighbouring lower ground floor at 19 Bedford Row valued at £375/m2 and settlement evidence of other properties. The tribunal found that whilst the subject property had rents from 2011 and 2016, the strongest evidence was the rents achieved on comparable offices within the same building (1st, 3rd and 4th floors) all close to the antecedent valuation date in 2015, all valued at £400/m2 or higher. The tribunal concluded the tone of £400/m2 was not unreasonable and dismissed the appeal.
Summary generated from the decision text and checked against it. The appellant was The British Soft Drinks Association Limited, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents, Settled assessments, Photographs
- Cases cited
- Lotus and Delta Ltd v Culverwell
- Hearing
- 28 January 2025
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