Tribunals · City of London Corporation · 2017 rating list

RMS 1.07-1.08 AT 1ST FLR 80, COLEMAN STREET, EC2R 5BJ

Offices and premises Decided 29 July 2025 CHG100352451 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 challenged 146 unit assessments in a multi-unit serviced office building, proposing reductions via various grounds including material change of circumstance due to building works. The parties extensively discussed the appeals pre-hearing and reached agreements on key valuation parameters. The tribunal ratified the agreed valuations which reduced the main tone from £395/m² to £380/m², applied a 4% allowance for MCC disturbance from 1 April 2017, and an additional 4% allowance (8% total) for building works from 14 August 2017 to 14 October 2020.

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