Tribunals · City of London Corporation · 2017 rating list

PT 1ST F, 24 Lombard Street, EC3V 9AJ

Office and Premises Decided 22 March 2021 CHG100074549 CBRE - Elliot Jones

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

Original RV£95,000£375/m²

Ratepayer sought£57,500

VO conceded first£78,000−18% before the hearing

Tribunal decided£78,000£375/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 4 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant contended that construction works on an adjacent site at 30-32 Lombard Street constituted a material change of circumstances warranting a 12.5% reduction in rateable value. The tribunal found that while building works were underway, they were substantially complete and major disruptive work had ceased by the material dates (November 2017 and March 2018). As there was no new material change in circumstances affecting the physical state or enjoyment of the properties since 1 April 2017, the appeals were dismissed.

Summary generated from the decision text and checked against it. The appellant was Mitsubishi UFJ Trust & Banking Corporation, represented.