2 Bunhill Row, EC1Y 8HQ

What was argued and what the tribunal found

The appellant challenged the valuation method used for a university building, arguing that it should be valued on a contractor's basis rather than a rental basis. The tribunal found that converting the purpose-built university accommodation back to office use would require major alterations (including a second service corridor, reinstallation of air conditioning, raised floors, switch room upgrades, and removal of specialist facilities), not minor ones as required by the rebus doctrine in Williams v Scottish and Newcastle. The tribunal accepted the appellant's comparable evidence (particularly Cass Business School directly opposite) and determined a revised RV of £540,000 based on the contractor's method.

Summary generated from the decision text and checked against it. The appellant was The University of Law, represented.

Grounds argued

• Valuation method · decisive

Evidence

Rents, Settled assessments, Earlier tribunal decisions, Photographs, Expert report

Cases cited

Williams (VO) v Scottish and Newcastle Retail Ltd; Gardiner & Theobald LLP v David Jackson (VO)

Hearing

6 August 2025

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• College Of Law, 2 Bunhill Row, EC1Y 8HQ — Allowed, 22 Aug 2025

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