Tribunals · London Borough of Southwark · 2023 rating list

GND FL 96-­108, GREAT SUFFOLK STREET,, SE1 0BE

Offices and premises Decided 25 November 2025 CHG101312860 Ryan Property Tax Services UK Limited

OutcomeAllowedThe tribunal reduced the rateable value.
Original RV£175,000£400/m²
Ratepayer sought£169,000
VO conceded first—
Tribunal decided£169,000£385/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant contended that the adopted price of £400 per m2 was excessive, proposing £385 per m2 based on rental evidence from the subject property itself (Ground Floor at £385 per m2 from a new lease of November 2011, and 4th Floor at £385 per m2 from a lease renewal of August 2021 with adjustments) and comparable assessments on Great Suffolk Street showing lower price per m2. The Valuation Officer defended £400 per m2 with reference to various rental evidence. The tribunal found that the most relevant evidence came from rental analysis within the subject hereditament itself at £385 per m2, determining that the present price of £400 per m2 was unreasonable and allowing the appeals.

Summary generated from the decision text and checked against it. The appellant was Inhabit Europe Ltd, represented.

Grounds argued

  • Rental evidence
  • Comparable assessments (tone)
Evidence
Rents, Settled assessments
Cases cited
Lotus and Delta v Culverwell
Hearing
7 November 2025

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