Tribunals · City of London Corporation · 2017 rating list

RM 3.08 3RD FLR, 80 Coleman Street, EC2R 5BJ

Offices and premises Decided 29 July 2025 CHG100352464 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 at 80 Coleman Street on grounds of material change of circumstance due to building works and other grounds. The parties had agreed valuations prior to hearing based on a revised main rate of £380 per m² (reduced from £395 per m²) with 4% allowance for MCC disturbance effective 1 April 2017, and an additional 4% allowance for MCC disturbance effective 14 August 2017 until 15 October 2020. The Tribunal ratified the agreed values, declining to order a post-works value as it found Regulation 38(7) only permitted finite period reductions reflecting the duration of the circumstances.

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