3rd Floor Clarion House, Norreys Drive, SL6 4BN
Office and premises Decided 8 January 2026 CHG101285218 Colliers International - Matthew Webb
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 sought to reduce the tone from £175/m2 (RV £137,000) to £72.50/m2 (RV £56,500), arguing the subject rent as at June 2022 supported a lower value and that the market had fallen. The tribunal found the subject property was excessively valued but did not accept the £72.50/m2 figure. Applying a tone of £136/m2 (reflecting a similar proportional reduction to that applied to comparable property 3 Concorde Park), the tribunal reduced the RV to £106,000, finding the evidence demonstrated a fall in office rental values in the locality and that the subject property, being grade D, was inferior to comparable properties.
Summary generated from the decision text and checked against it. The appellant was LogRhythm Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Valuation method
- Evidence
- Rents, Settled assessments, Photographs
- Cases cited
- Lotus and Delta v Culverwell
- Hearing
- 9 December 2025
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