3rd Flr, 3 - 7 Portman Mews South, W1H 6HU
Office and premises Decided 23 May 2025 CHG101161749 DWD - Jeffrey M Norris
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 proposed a reduced rateable value of £87,500 (£350/m²) based on rental evidence from an office lease, whilst the VO defended £152,000 RV (£650/m²) based on tonal evidence from ground floor offices. The tribunal found the VO's tonal evidence poor as it was based on only one rent with no established pattern of values, and the appellant provided insufficient evidence to support the reduction sought. The tribunal determined that the actual analysed rent of £417/m² for the appeal property was reasonable as it was based on a lease shortly after the valuation date and reflected the third floor location, adjusting to £103,000 RV.
Summary generated from the decision text and checked against it. The appellant was Nash Bond Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Evidence
- Rents
- Cases cited
- Lotus and Delta v Culverwell; Futures (London) Ltd v Stratford (VO)
- Hearing
- 28 April 2025
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