GND & 1ST FLRS CITY TOWER & SKYLIGHT, 40 & 50 BASINGHALL STREET, EC2V 5DE
Offices and premises Decided 9 October 2025 CHG100132778 Ryan
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 6 properties together; the figures above are for this appeal's property (GND & 1ST FLRS & SKYLIGHT, City Tower, Basinghall Street, London, EC2V 5DE). Every property is listed below.
The 6 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 |
|---|---|---|---|---|
| LEVEL 20, City Tower, Basinghall Street, London, EC2V 5DE | — | — | £244,000 | Allowed in part |
| PT LEVEL 6 (WEST), City Tower, Basinghall Street, London, EC2V 5DE | — | — | £149,000 | Allowed in part |
| GND & 1ST FLRS & SKYLIGHT, City Tower, Basinghall Street, London, EC2V 5DEThis appeal | — | — | £840,000 | Allowed in part |
| GND & PT 1ST FLR & SKYLIGHT, City Tower, Basinghall Street, London, EC2V 5DE | — | — | £805,000 | Allowed in part |
| LEVEL 19, City Tower, Basinghall Street, London, EC2V 5DE | — | — | £248,000 | Allowed in part |
| LEVELS 6 & 7, City Tower, Basinghall Street, London, EC2V 5DE | — | — | £497,500 | Allowed in part |
What was argued and what the tribunal found
The appellants argued that the unadjusted base rate of £475 per square metre was unreasonable and should be reduced to £435 psm based on rental evidence from the subject building and comparable settled assessments in the locality. The tribunal found that the existing assessments at £475 psm were unreasonable and out of line with comparable office buildings in London, which had been settled between £375-£465 psm. The tribunal determined revised rateable values based on an unadjusted base rate of £450 psm, which represented a middle ground between the rental evidence and comparable assessments.
Summary generated from the decision text and checked against it. The appellant was Knight Frank LLP, Ryan Property Tax Services UK Limited, Evans & Payne LLP, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)
- Hearing
- 10 September 2025
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