Tribunals · City of London Corporation · 2017 rating list

4TH FLR EAST, 24 Lombard Street, EC3V 9AJ

Office and Premises Decided 22 March 2021 CHG100096101 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—

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 demolition and construction works at an adjacent site (30-32 Lombard Street) constituted a material change of circumstances warranting a 12.5% reduction in rateable values. The tribunal found that while construction works were ongoing, the major disruptive works had substantially ceased by the relevant material dates (November 2017 onwards), and the works at those dates represented no new material change since they were already underway on 1 April 2017. The tribunal therefore dismissed the appeals.

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