1ST & 2ND FLR, 55, ST JAMES STREET, SW1A 1LA
Office and Premises Decided 3 February 2025 CHG101089121 Altus Group - Oakland - Manchester
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 7 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants challenged the rateable values of seven office units at 55 St James Street, London, proposing a reduction in the unadjusted rate from £1,100/m² to £1,000/m². The tribunal found that rental evidence from the subject building itself—particularly leases agreed close to the antecedent valuation date—supported the current valuation of £1,100/m², and that settlement evidence from other St James Street properties did not conclusively demonstrate that the subject property should be reduced given its modern specification and premium quality finish. The appeal was dismissed.
Summary generated from the decision text and checked against it. The appellant was AlbaCore Capital LLP, represented.
Grounds argued
- Rental evidence · decisive
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus & Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 10 January 2025
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