Tribunals · City of London Corporation · 2017 rating list

2ND 3RD PT 4TH & PT 5TH FS, 24 Lombard Street, EC3V 9AJ

Office and Premises Decided 22 March 2021 CHG100095942 CBRE - Elliot Jones

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

Original RV£95,000

Ratepayer sought£57,500

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

Tribunal decided£78,000from 1 Apr 2017

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 sought a 12.5% reduction in the rateable values of four office properties at 24 Lombard Street, London, claiming a material change in circumstances due to nearby demolition and construction works at 30-32 Lombard Street. The tribunal found that whilst the works had commenced before 1 April 2017, by the material dates (November 2017 to April 2018) the major disruptive works had substantially ceased and the new building's framework was largely complete, meaning no new material change in circumstances had occurred since the list entry date.

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