Store 1 Level 25 The Shard 31, St Thomas Street, SE1 9RY
Serviced office suites and ancillary accommodation Decided 1 April 2025 CHG101088358 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 due to works from 1 April 2017 to 31 January 2022, and challenged the base rental valuation of £550/m² seeking £500/m². The tribunal found the Valuation Officer's rental analysis in accordance with Bunyan v Acenden was more persuasive than the appellant's multiple conflicting approaches, and upheld the £550/m² base tone. The tribunal allowed the MCC allowance of 5% for 48 of the 50 properties (Suites 2511 and 2512 already had the benefit), reducing the RV by 5% for that period only.", <parameter name="effective_date">2017-04-01
Summary generated from the decision text and checked against it. The appellant was The Office Group Holdings Ltd, represented.
Grounds argued
- Rental evidence · decisive
- Comparable assessments (tone)
- Valuation method
- Change of circumstances
- Change of circumstances
- demolition of Fielden House and subsequent reconstruction
- Evidence
- Rents, Expert report
- Cases cited
- Lotus and Delta v Culverwell; Bunyan (VO) v Acenden Limited; Specialeyes Plc v Felgate
- Hearing
- 5 March 2025
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