Ground Floor, 77 Shaftesbury Avenue, W1D 5DU
Shop and premises Decided 9 May 2025 CHG101082676 Conneely Tribe - Mr Paul Tribe
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 sought a reduction in Zone A price from £2,160/m2 to £950/m2 (RV from £146,000 to £64,500), arguing the subject property was in an isolated location following redevelopment. The tribunal found the rent agreed in November 2017 (£90,000 per annum) required adjustment to the antecedent valuation date of 1 April 2015 and was of limited assistance. Comparable rental evidence from nearby similar retail units on Shaftesbury Avenue, agreed close to the AVD, supported the existing Zone A price of £2,340/m2 and the current valuation of £146,000 was found to be reasonable and confirmed.
Summary generated from the decision text and checked against it. The appellant was Espresso Rooms UK Ltd, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Evidence
- Rents
- Cases cited
- Lotus & Delta Ltd v Culverwell
- Hearing
- 15 April 2025
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