3rd Flr, 120 Holborn, EC1N 2TD
Office and premises Decided 1 July 2026 CHG100112254 Cluttons
Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 2 properties together; the figures above are for this appeal's property (3RD FLOOR, 120 HOLBORN, LONDON EC1N 2TD). Every property is listed below.
The 2 properties in this decision
One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| 2ND FLOOR, 120 HOLBORN, LONDON EC1N 2TD | £881,500 | £827,500 | £881,500 | Dismissed |
| 3RD FLOOR, 120 HOLBORN, LONDON EC1N 2TDThis appeal | £820,000 | £770,000 | £820,000 | Allowed in part |
What was argued and what the tribunal found
The appellant challenged the rateable values of two office floors at 120 Holborn, arguing for a tone of value of £470/m² based on comparable properties, while the VO defended £500/m² based on post-AVD rents and settled agreements on other floors. The tribunal dismissed appeal 1 for the 2nd Floor as the VO's valuation of £881,500 was reasonable, but allowed appeal 2 in part, reducing the 3rd Floor from £820,000 to £820,000 following recalculation due to amended floor area, finding the £500/m² tone had been established through settled assessments and lack of challenge on other floors in the building.
Summary generated from the decision text and checked against it. The appellant was TRAINLINE LTD, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Valuation method
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions
- Cases cited
- Lotus and Delta v Culverwell; Futures (London) Ltd v Stratford; Specialeyes Plc v Felgate; Flight Centre (UK) limited v Ricketts; Pointer v Norwich Assessment Committee
- Hearing
- 5 June 2026
Similar decisions
- (INCL 2ND & 3RD FS STH 11) 10, NEW SQUARE, WC2A 3QD — Allowed, 18 Sept 2026
- 3RD FLR EAST 1, BEDFORD AVENUE, WC1B 3AU — Allowed in part, 18 Aug 2026
- BST - 6TH FLS 2-3 Triton Square, NW1 3AN — Allowed in part, 1 Jul 2026
- 2nd Floor, 120 Holborn, EC1N 2TD — Dismissed, 1 Jul 2026
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