Part 1st Flr Mid City Place 71, High Holborn, WC1V 6EA
Office and premises Decided 8 April 2026 CHG101323474 ForeView - Henry Edwardes
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 the valuation of an office property at Part 1st Floor Mid City Place, High Holborn, London. The appellant argued for a reduced main space price of £550/m² (RV £535,000) based on analysis of the passing rent with the full rent-free period treated as an incentive, while the VO maintained a tone of £625/m² (RV £600,000). The tribunal found that the tone of £625/m² was too high, considering comparable properties including 1 Southampton Row (agreed at £600/m²) which was newer and closer to Westminster. The tribunal concluded that a main space price of £577.50/m² was appropriate, reducing the RV to £555,000, reflecting the lower value compared to better quality comparable properties.
Summary generated from the decision text and checked against it. The appellant was True Europe LLP, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Robert Dyas Holdings Limited v Ms J Moore; Saintta Global Lawyers (UK) Limited v Rickets
- Hearing
- 16 March 2026
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