Yorkshire Building Society, Yorkshire House, Leopold Street, Leopold Street, S1 2GZ
Building society branch office Decided 29 May 2025 CHG101132360 Newmark Gerald Eve LLP/Gerald Eve LLP - CCA
Figures are as stated in the decision; a dash means the document does not state that figure.
What was argued and what the tribunal found
The appellant argued that the 2023 RV of £39,500 (at Zone A £500/m²) was excessive, proposing £19,500 (at £240/m²), citing disproportionate increases relative to other retail properties in the area. The tribunal dismissed the appeal, finding the RV reasonable based on rental evidence from comparable properties (including 28-29 Orchard Street at £772.12/m²) and the location's characteristics. The tribunal concluded the subject property's previous assessment had been under-valued and the new assessment appropriately reflected market conditions.
Summary generated from the decision text and checked against it. The appellant was Yorkshire Building Society, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Gardiner & Theobald LLP v David Jackson; Barnard & Barnard v Walker; Lotus and Delta v Culverwell; Lamb v Go Outdoors Ltd; Ladies Hosiery v West Middlesex Assessment Committee
- Hearing
- 1 May 2025
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