Rms 3.03-3.04, At 3rd Flr, 181 Queen Victoria Street, EC4V 4EG
Offices and premises Decided 28 February 2025 CHG101120594 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 rateable values of 47 serviced office hereditaments at 181 Queen Victoria Street, London on the basis that an unadjusted base rate of £450 psm was unreasonable and proposed £350 psm. The tribunal found that whilst the building had been refurbished in 2017, it was distinctly different in character and quality from the most modern comparables (71 Queen Victoria Street, built 2014). Reviewing rental evidence from Upper Thames Street, 71 Queen Victoria Street, 85 and 128 Queen Victoria Street, and settlement evidence, the tribunal determined that an unadjusted base rate of £425 psm was appropriate, allowing the appeal in part.
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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