Suite 2501 Level 25 The Shard 31, St Thomas Street, SE1 9RY
Serviced office suites Decided 1 April 2025 CHG101088293 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 5% allowance for material change of circumstances caused by demolition and reconstruction of Fielden House from 1 April 2017 to 31 January 2022, and challenged the tone at £550/m2 seeking £500/m2. The tribunal found the base price of £550/m2 was reasonable based on analysis of comparable rents in the building following the Acenden principles on rent analysis, particularly a new letting on the antecedent valuation date at £604/m2. The tribunal allowed the 5% end allowance for 48 properties but dismissed 2 appeals (Suites 2511 and 2512) which had already benefited from a 5% allowance.
Summary generated from the decision text and checked against it. The appellant was The Office Group Holdings Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Change of circumstances
- Change of circumstances
- demolition and reconstruction of Fielden House
- Evidence
- Rents, Earlier tribunal decisions
- Cases cited
- Lotus and Delta v Culverwell; Bunyan (VO) v Acenden Limited; Specialeyes Plc v Felgate
- Hearing
- 5 March 2025
Similar decisions
- 2 ND FL 96-108, GREAT SUFFOLK STREET,, SE1 0BE — Allowed, 25 Nov 2025
- GND FL 96-108, GREAT SUFFOLK STREET,, SE1 0BE — Allowed, 25 Nov 2025
- The Salvation Army, 101 Newington Causeway, SE1 6BN — Allowed, 12 Nov 2025
- Lotus Group Ltd, 37-39 Queen Elizabeth Street, SE1 2BT — Dismissed, 30 Oct 2025
All decisions in London Borough of Southwark · Offices nationally
Is your own rateable value in line?
A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.
Check a propertyThe tribunal’s decision in full
Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.