Tribunals · London Borough of Camden · 2023 rating list

(INCL 2ND & 3RD FS STH 11) 10, NEW SQUARE, WC2A 3QD

Offices and premises Decided 18 September 2026 CHG101225131 Ryan Property Tax Services UK Limited

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV—£550/m²

Ratepayer sought£465,000

VO conceded first—

Tribunal decided£465,000£465/m²

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 challenged the rateable value of £555,000 (£550/m²) for office space in Lincoln's Inn Fields, arguing it was unreasonable. The tribunal found the appellant's evidence more persuasive, particularly rental evidence from comparable properties including 3rd Floor Queens House in Lincoln's Inn Fields let at £400/m² and other nearby properties ranging from £376-£425/m². The tribunal determined that no quantum allowance had been made in the original valuation and adopted a revised tone of £465/m² resulting in an RV of £465,000, allowing the appeal.

Summary generated from the decision text and checked against it. The appellant was Payne Hicks Beach LLP, represented.