Tribunals · City of London Corporation · 2017 rating list

RM 503 5TH FLR, 80 Coleman Street, EC2R 5BJ

Offices and premises; serviced offices Decided 29 July 2025 CHG100348174 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 company challenged 146 RVs for serviced office units within a multi-floor building, arguing material change of circumstances arising from building works disturbance on two dates. Prior to the hearing, the parties reached extensive agreements on the valuation methodology. The tribunal ratified the agreed settlement, which reduced the main tone rate from £395/m² to £380/m², applied a 4% allowance for MCC disturbance at 1 April 2017, and an additional 4% allowance for disturbance during adjacent building works from 14 August 2017 to 15 October 2020.

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