Rooms 4.08-4.09, At 4th Flr, 181 Queen Victoria Street, EC4V 4EG
Offices and premises Decided 28 February 2025 CHG101122026 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 separate office hereditaments at 181 Queen Victoria Street, London, on the grounds that the unadjusted base rate of £450 per square metre was unreasonable. The tribunal found that whilst 71 Queen Victoria Street provided rental evidence close to the antecedent valuation date, it was a superior property built in 2014 with more modern characteristics than the 1890s-built subject property. After considering comparable properties (85 Queen Victoria Street, 128 Queen Victoria Street and 68 Upper Thames Street) and rental evidence, the tribunal determined the unadjusted base rate should be reduced to £425 per square metre, 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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