Futures London Ltd v Stratford [2005] EWLands RA_47_2005 (02 December 2005)

Futures London Ltd v Stratford [2005] EWLands RA_47_2005 (02 December 2005)

At this stage in the 2000 rating list, settled assessments (tone of the list) are the best evidence of value. The rent, standing alone and without comparable rents, carries less weight. The appeal hereditament, with raised floor and part air-conditioning, should be assessed at £265 per sq m, resulting in an RV of £29,000. The appellant has not discharged the burden of proof to show the Valuation Tribunal's decision was wrong.

Citation
[2005] EWLands RA_47_2005
Parties
Appellant: Futures London Limited; Respondent (valuation Officer): David Lloyd Stratford
Jurisdiction
England and Wales
Judgment Date
02 December 2005
Procedural Posture
Appeal / Decision on Appeal Against Central London Valuation Tribunal
Outcome
Appeal dismissed
Legal Topics
Rateable Value Assessment, Office Valuation, Tone of the List, Comparative Assessments
Property Law Rating and Valuation Rateable Value Assessment Office Valuation Tone of the List Comparative Assessments

Case Brief

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Full judgment text Downloadable case file Legal principles 2 Authorities cited 4 Party arguments 2 Amounts and remedies 12
Sign in to unlock

Parties

Futures London Limited

Appellant

David Lloyd Stratford

Respondent (valuation Officer)

Procedural Posture

Appeal / Decision on Appeal Against Central London Valuation Tribunal

Legal Issues

  1. 1 What is the correct rateable value (RV) for the seventh floor offices at Windsor House, 39 King Street, London EC2V 2DQ?
  2. 2 Should greater weight be given to the actual rent or to settled assessments (tone of the list) in determining RV?

Ratio Decidendi

At this stage in the 2000 rating list, settled assessments (tone of the list) are the best evidence of value. The rent, standing alone and without comparable rents, carries less weight. The appeal hereditament, with raised floor and part air-conditioning, should be assessed at £265 per sq m, resulting in an RV of £29,000. The appellant has not discharged the burden of proof to show the Valuation Tribunal's decision was wrong.

Court Disposition

Appeal dismissed

Orders

  • Assessment of the appeal hereditament confirmed at RV £29,000
  • No order as to costs