2nd Flr Rooms 2.08, & 2.09 At, 181 Queen Victoria Street, EC4V 4EG

What was argued and what the tribunal found

The appellant challenged RVs at 181 Queen Victoria Street on the basis that the 2017 Rating List unadjusted base rate of £450 psm was unreasonable and proposed £350 psm. The tribunal, after considering rental evidence from comparable properties (Upper Thames Street, Queen Victoria Street addresses) and internal photographs demonstrating low ceilings and dated infrastructure from the 1890 original build, determined that although the RVs were unreasonable, a reduction to £425 psm was appropriate. The tribunal found that 71 Queen Victoria Street (2014 build, rated at £450 psm) was superior in character to the subject property, and weighted evidence from 85 and 128 Queen Victoria Street (both 1990s builds, refurbished 2018) as more comparable. The appeal was allowed in part with revised RVs set at the reduced base rate of £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

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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