Gnd Flr Meeting Rm, 181 Queen Victoria Street, EC4V 4EG
Offices and premises Decided 28 February 2025 CHG101120583 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 RVs for 47 serviced offices at 181 Queen Victoria Street, London, on the ground that the unadjusted base rate of £450 psm was unreasonable and proposed £350 psm. The tribunal found that the VO had relied on a single comparable at 71 Queen Victoria Street (built 2014), which was more modern than the subject property (originally 1890, refurbished 2017), and had failed to properly consider other comparable evidence from nearby properties at different floor heights. The tribunal determined that the base rate should be reduced to £425 psm, based on comparable properties at 85 and 128 Queen Victoria Street which were more similar in character and quality.
Summary generated from the decision text and checked against it. The appellant was Beaumont Business Centres Limited, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Evidence
- Rents, Settled assessments, Photographs
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 31 January 2025
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