Tribunals · City of London Corporation · 2017 rating list

5th Flr Barnards Inn 86 Fetter Lane, EC4A 1EQ

Office and premises Decided 7 August 2023 CHG100195687 CBRE - Vincent Newbury

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£355,000£387.5/m²

Ratepayer sought£273,500

VO conceded first£320,000−10% before the hearing

Tribunal decided£273,500£350/m²

Figures are as stated in the decision; a dash means the document does not state that figure.

What was argued and what the tribunal found

The appellant challenged the rateable value as unreasonable, arguing for a basic price of £350/m² (rather than the VO's £387.50/m²) and an end allowance of 15% (rather than the VO's 10%) due to extensive construction work at an adjacent property causing noise, vibration, and loss of amenity. The tribunal found that comparable rental evidence from lettings in the same building supported the lower tone of £350/m², and that the external construction work lasting approximately three years after the antecedent valuation date justified the higher 15% end allowance rather than 10%. The appeal was allowed, reducing the RV to £273,500.

Summary generated from the decision text and checked against it. The appellant was Veale Wasbrough Vizards LLP, represented.