1st Floor, 35 Great St Helen's, EC3A 6AP
Office and premises Decided 22 August 2025 CHG101249319 BGL Partners - Henry Doyle
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 an increased RV of £128,000 (£525/m²) and proposed £110,000 (£450/m²). The tribunal found that the VO's main space price of £475/m² was unsupported and excessive, adopting instead £450/m². While the VO applied a £50/m² uplift for tenant fit-out based on CAT A+ to CAT B conversion, the tribunal found the subject rent already reflected fit-out value and applied only a £25/m² uplift, resulting in a revised RV of £116,000 (£475/m²).
Summary generated from the decision text and checked against it. The appellant was Stann Marine Ltd, represented.
Grounds argued
- Rental evidence · decisive
- Valuation method
- Evidence
- Rents
- Cases cited
- Dawn Bunyan (VO) v Acenden Limited [2023] UKUT 17 (LC); Amanda Hitchings (Valuation Officer) v Shoosmiths LLP and Mando Group Ltd [2025] UKUT 224 (LC)
- Hearing
- 6 August 2025
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