Office And Premises At 1St Floor Suite A, 100 Hatton Garden, EC1N 8NX
Offices and premises Decided 11 June 2026 CHG101311741 JMA Chartered Surveyors
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 Diamond Bourse should be valued differently to ordinary office suites, relying on specific rents and that The Premier Suite was the only suitable comparable. The tribunal determined that the property should remain classified as offices and premises, but found the adopted price of £495 per m2 was not reasonable. Using The Premier Suite as the starting point at £450 per m2 and making adjustments for lack of CAT B fit-out (£50), reduced natural light (10%), and layout issues (10%), the tribunal arrived at £324 per m2, with a 10% uplift for air conditioning to £356 per m2, resulting in an RV of £175,000.
Summary generated from the decision text and checked against it. The appellant was London Diamond Bourse, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Floor area or measurement
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Williams v Scottish & Newcastle Retail Ltd
- Hearing
- 15 May 2026
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