Suite 2504 Level 25 The Shard 31, St Thomas Street, SE1 9RY
Serviced office suites Decided 1 April 2025 CHG101088275 Avison Young (UK) Ltd
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 50 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellant sought a reduction from £550/m² to £500/m² based on rental evidence and disputed application of a 'Tower uplift' to south-facing suites. The tribunal found the base price of £550/m² was not unreasonable and rejected the uplift removal argument as unsupported. However, the tribunal allowed a 5% end allowance for material change of circumstances (demolition and reconstruction of adjacent Fielden House) from 1 April 2017 to 31 January 2022, reducing the RVs accordingly for 48 properties. Two suites (2511 and 2512) were dismissed as they had already received the 5% allowance.
Summary generated from the decision text and checked against it. The appellant was The Office Group Holdings Ltd, represented.
Grounds argued
- Comparable assessments (tone)
- Change of circumstances
- Change of circumstances
- reconstruction works
- Evidence
- Rents, settlement_assessments
- Cases cited
- Lotus and Delta v Culverwell; Bunyan (VO) v Acenden Limited; Specialeyes Plc v Felgate
- Hearing
- 5 March 2025
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