3RD FLR, BLACK BULL YARD, 18A, HATTON WALL, EC1N 8JH
Offices and premises Decided 4 February 2025 CHG101070655 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 that the appeal property, a refurbished third-floor office with comfort cooling rather than full air conditioning, should receive a 5% allowance reducing the valuation from £500/m2 to £475/m2. The tribunal dismissed the appeal, finding that the expert opinion regarding the allowance was unsupported by comparable evidence; the available rental evidence (at £649.03/m2 and £597.13/m2) indicated the £500/m2 valuation was reasonable, and the respondent provided evidence of comparable offices in the locality that had not received comfort cooling allowances.
Summary generated from the decision text and checked against it. The appellant was Momentum The Growth Consultancy Ltd, represented.
Grounds argued
- Rental evidence · decisive
- Quantum or end allowance
- Evidence
- Rents, Photographs, Expert report
- Hearing
- 15 January 2025
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