Tribunals · City of Westminster · 2017 rating list

60, GREAT PORTLAND STREET, W1W 7ND

Offices and premises Decided 4 March 2025 CHG101070871 Altus Group - Oakland - Manchester

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV£3,980,000£615/m²

Ratepayer sought£3,160,000

VO conceded first£3,380,000−15% before the hearing

Tribunal decided£3,290,000£600/m²

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 VO's rating list entry of £3,980,000, proposing £3,160,000 based on a main space rate of £575/m2. The VO reduced the valuation to £3,380,000 (£615/m2) following challenge. The Tribunal found that comparable properties, particularly 160 Great Portland Street at £575/m2 and 30 Berners Street at £600/m2, supported a reduction. Although the subject rent was too distant from the antecedent valuation date to be reliable, the tribunal found a main space rate of £600/m2 to be reasonable, resulting in a final RV of £3,290,000.

Summary generated from the decision text and checked against it. The appellant was Next Fifteen Communications PLC, represented.