Tribunals · City of Westminster · 2023 rating list

Second Floor, 23 Golden Square, W1F 9JP

Offices and premises Decided 12 May 2026 CHG101314685 JMA Chartered Surveyors

OutcomeDismissedThe appeal failed, leaving the value at the figure the Valuation Officer had already conceded.

Original RV · 2023 list£32,750£600/m²

Ratepayer sought£13,680

VO conceded first£21,000−36% before the hearing

Tribunal decided£21,000£385/m²

Figures are as stated in the decision, and are values in the 2023 list; a dash means the document does not state that figure.

What was argued and what the tribunal found

The appellant sought a reduction from £32,750 to £13,680 RV, arguing a base price of £250/m² was appropriate based on comparables including 11 Argyll Street at £313.50/m². The Valuation Officer had reduced the RV to £21,000 at £385/m² by stripping out a gallery/retail element valued at £450/m² based on comparable evidence from 17-18 Golden Square. The tribunal found the VO's approach sound, accepting that the 17-18 Golden Square comparable was appropriate as nearby retail property for deriving the gallery value, and that £385/m² was reasonable for the office element. The appeal was dismissed.

Summary generated from the decision text and checked against it. The appellant was IPAC GLOBAL LTD, represented.