Suite 2402 Level 24 The Shard 31, St Thomas Street, SE1 9RY
Serviced office suites Decided 1 April 2025 CHG101088335 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 in rateable values based on a price of £500/m² against the original £550/m² assessment, and argued that a 5% end allowance should apply for material change of circumstances (demolition and reconstruction of Fielden House) from 1 April 2017 to 31 January 2022. The tribunal rejected the appellant's arguments on valuation and tone, finding the £550/m² base price was not unreasonable and the tower uplift was justified by the floor location. However, the tribunal allowed the appeals in part by granting a 5% end allowance for the material change of circumstances period for 48 properties, while dismissing two appeals (Suites 2511 and 2512) which had already benefited from the 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 · decisive
- Change of circumstances
- demolition and reconstruction of adjacent building
- Evidence
- Rents, settlement_transcripts, Expert report
- Cases cited
- Lotus and Delta v Culverwell; Bunyan v Acenden Limited; Specialeyes Plc v Felgate
- Hearing
- 5 March 2025
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