Tribunals · City of London Corporation · 2017 rating list

GND FLR, 80 Coleman Street, EC2R 5BJ

Offices and premises Decided 29 July 2025 CHG100352448 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

Appellant challenged 146 serviced office assessments in a multi-unit building at 80 Coleman Street on tone of list and material change of circumstances grounds relating to building works disturbance. The parties reached agreement in principle before the hearing and the tribunal ratified their agreed valuations, applying a revised main-space tone of £380 per m² (reduced from £395 per m²) with allowances of 4% from 1 April 2017 and 8% from 14 August 2017 reflecting the building works disturbance. The tribunal determined it had power to order reductions for a finite period reflecting the duration of the circumstances.

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