2nd Flr Room 2.02, 181 Queen Victoria Street, EC4V 4EG
Office and premises (serviced offices) Decided 28 February 2025 CHG101122021 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 unadjusted base rate of £450 psm for serviced offices at 181 Queen Victoria Street, arguing for £350 psm. The tribunal found the original £450 psm base rate unreasonable based on rental evidence from comparable properties (68 Upper Thames Street, 85 and 128 Queen Victoria Street) and settlement evidence, particularly given the subject building was built in 1890 whereas comparable evidence from 71 Queen Victoria Street (2014 build) was not sufficiently comparable. The tribunal determined the appropriate base rate was £425 psm.
Summary generated from the decision text and checked against it. The appellant was Beaumont Business Centres Limited, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- 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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