7TH FLR, THE MINSTER BUILDING, 21, MINCING LANE, EC3R 7AG
Office and premises Decided 11 August 2025 CHG101096924 Altus Group - Oakland - Manchester/Ryan Property Tax Services UK Limited
Figures are as stated in the decision; a dash means the document does not state that figure.
What was argued and what the tribunal found
The appellant challenged the valuation of a 7th floor office in a 1990s purpose-built building in London, arguing for an unadjusted main space rate of £425/m2 against the VO's defended rate of £475/m2. The parties reached a verbal agreement at the hearing to apply a rate of £450/m2, having regard to comparable properties and the subject property's superior quality finish. The Tribunal was satisfied the original assessment was excessive and allowed the appeal, reducing the RV from £835,000 to £790,000.
Summary generated from the decision text and checked against it. The appellant was LYST LTD, represented.
Grounds argued
- Comparable assessments (tone)
- Valuation method
- Evidence
- Settled assessments
- Hearing
- 4 August 2025
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