Tribunals · City of London Corporation · 2017 rating list

RM 504 5TH FLR, 80 Coleman Street, EC2R 5BJ

Offices and premises Decided 29 July 2025 CHG100348138 Avison Young (UK) Ltd

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV£28,750£395/m²

Ratepayer sought£27,000

VO conceded first—

Tribunal decided£27,000£380/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 146 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant (Beaumont Business Centres Ltd) challenged 146 assessments for serviced office suites within the building on various grounds including material change of circumstances arising from building works. The parties reached agreement that the main tone should be reduced from £395/m² to £380/m², with a 4% allowance for building works disturbance effective 1 April 2017 and an additional 4% (8% total) for the period 14 August 2017 to 14 October 2020. The tribunal ratified the agreed valuations, which reflected both the reduction in tone and the time-limited allowances for the impact of the adjacent building works during the specified periods.

Summary generated from the decision text and checked against it. The appellant was Beaumont Business Centres Ltd, represented.