Tribunals · City of London Corporation · 2017 rating list

RM 4.02 4TH FLR, 80 Coleman Street, EC2R 5BJ

Offices and premises Decided 29 July 2025 CHG100352475 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 assessments for serviced office units in the 2017 rating list, arguing for reductions based on tone of comparable evidence, material change of circumstances from building works, and physical disturbance. The parties reached an agreement to reduce the main rate from £395 per m² to £380 per m², apply a 4% allowance for MCC disturbance from 1 April 2017, and an additional 4% (8% total) for disturbance from 14 August 2017 until 15 October 2020. The tribunal ratified the agreed valuations, reducing the baseline RV from £28,750 to £27,000 for the first-listed property, with comparable adjustments across all 146 units.

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