Tribunals · City of Westminster · 2017 rating list

4 TH FLR NE ALMACK HOUSE, 28, KING STREET, ST JAMES, ST JAMES, SW1Y 6QW

Offices and premises Decided 14 February 2025 CHG100926789 Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed, leaving the value at the figure the Valuation Officer had already conceded.
Original RV£855,000£1000/m²
Ratepayer sought£685,000
VO conceded first£835,000−2% before the hearing
Tribunal decided£835,000£975/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 4 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellants sought reductions in the rateable values for four office properties in Almack House, King Street, London, arguing for a price per square metre of £800/m2 instead of the VO's adopted £975/m2. The tribunal found that the assessment was reasonable having regard to rental evidence from the antecedent valuation date and that the appeal properties had been assessed at a lower price per square metre than settled appeals for neighbouring buildings at 23 and 33 King Street, which were agreed at £1,000/m2. The tribunal was not persuaded there was sufficient evidence to show a discernible distinction in quality between the buildings, and dismissed all four appeals.

Summary generated from the decision text and checked against it. The appellant was Findlay Park Partners LLP, represented.

Grounds argued

  • Comparable assessments (tone) · decisive
Evidence
Rents, Settled assessments
Hearing
15 January 2025

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