Tribunals · City of Westminster · 2017 rating list

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

Offices and premises Decided 14 February 2025 CHG101055864 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 RV of offices in Almack House from the VO's assessed price of £975/m2 to £800/m2, arguing that neighbouring buildings 23 and 33 King Street were assessed at a higher specification. The tribunal found that the rental evidence close to the valuation date supported the VO's assessment, noting two rent reviews in June 2015 that adjusted to £961/m2 with a £25/m2 fit-out allowance. The tribunal was not persuaded by the appellants' arguments about quality differences, as no internal photographs were provided to demonstrate discernible distinctions. The appeals were dismissed as the assessments were reasonable and at a lower rate than the neighbouring buildings.

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