Tribunals · City of Westminster · 2017 rating list

1 ST FL, 55, ST JAMES'S STREET, SW1A 1LA

Office and Premises Decided 3 February 2025 CHG101055838 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 values on seven office units at 55 St James Street, arguing the unadjusted rate should be reduced from £1,100/m² to £1,000/m². The tribunal applied the six propositions from Lotus & Delta v Culverwell, finding the rental evidence for the subject building—particularly leases agreed close to the antecedent valuation date (1st Fl at £1,051.05/m² and 4th Fl at £1,146.55/m²)—supported the current rate of £1,100/m². The tribunal concluded the subject was a unique, newly built Grade A office building with superior specification that commanded premium rents, distinguishing it from older comparable properties on St James Street, and dismissed the appeal.", <parameter name="mcc_type">null

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