5TH F 55, OLD BROAD STREET, EC2M 1RX
Offices and premises Decided 19 March 2025 CHG101073819 Ryan Property Tax Services UK Limited/Altus Group - Oakland - Manchester
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 5 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants argued that the rateable values should be reduced from £420/m2 to £375/m2, relying on analysis of one lease for part 3rd Floor. The Valuation Officer contended that the tone of £420/m2 was supported by a basket of rental evidence, including two leases agreed close to the antecedent valuation date (9th and 10th Floors) which analysed to £518/m2 and £488/m2 respectively. The tribunal found the Valuation Officer's rental evidence compelling and attached significant weight to it, concluding that the £420/m2 tone was fair and reasonable.
Summary generated from the decision text and checked against it. The appellant was JCW Search Limited, Gb Railfreight Ltd, Finn Partners The Travel Company Limited, represented.
Grounds argued
- Rental evidence · decisive
- Comparable assessments (tone)
- Evidence
- Rents
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 25 February 2025
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