Rms Lg 01-lg 03, At Lwr Grd Flr, 181 Queen Victoria Street, EC4V 4EG
Offices and premises Decided 28 February 2025 CHG101120499 Avison Young (UK) Ltd
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 47 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellant challenged the 2017 Rating List entries for 47 serviced office hereditaments at 181 Queen Victoria Street, proposing a base rate of £350 psm against the VO's £450 psm. The tribunal found that the current RV at £450 psm was unreasonable. Although the VO relied on a single comparable (71 Queen Victoria Street at £450 psm, built in 2014), the tribunal found this property superior to the subject property (originally 1890s with low ceilings and dated features). The tribunal placed greater weight on rental evidence from 85 and 128 Queen Victoria Street and settlement evidence, determining that a base rate of £425 psm was reasonable.
Summary generated from the decision text and checked against it. The appellant was Beaumont Business Centres Limited, represented.
Grounds argued
- Comparable assessments (tone)
- Valuation method
- Evidence
- Rents, Settled assessments, Expert report, Photographs
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 31 January 2025
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