Tribunals · City of London Corporation · 2017 rating list

RM 4.08 4TH FLR, 80 Coleman Street, EC2R 5BJ

Offices and premises; serviced offices Decided 29 July 2025 CHG100352479 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 (Beaumont Business Centres Ltd) brought 146 compiled list and alteration appeals in respect of serviced offices at 80 Coleman Street, London, challenging the rateable values on grounds including tone of list comparables and material change of circumstances from building works. The parties extensively negotiated pre-hearing and reached agreement on revised valuations, which the tribunal ratified: a reduction in the main rate from £395/m² to £380/m² subject to serviced office uplifts, plus 4% allowance for MCC disturbance from 1 April 2017 and an additional 4% (total 8%) allowance for building works disturbance from 14 August 2017 to 15 October 2020, reverting thereafter to the agreed compiled list value. The tribunal determined it lacked power under Regulation 38(7) to order values after the circumstances causing the reduction had ceased to exist.

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