Tribunals · City of London Corporation · 2017 rating list

RM 504 5TH FLR, 80 Coleman Street, EC2R 5BJ

Offices and premises; serviced offices Decided 29 July 2025 CHG100352486 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 the rateable values of 146 serviced office units at 80 Coleman Street. The parties reached extensive agreements on revised valuations before the hearing. The tribunal ratified the agreed values, which reduced the tone from £395 per m² to £380 per m² and applied allowances for building works disturbance (4% effective 1 April 2017, and 8% for the period 14 August 2017 to 15 October 2020). The tribunal confirmed it had power under Regulation 38(7) to order reductions for a finite period reflecting the duration of the building works circumstances.

Summary generated from the decision text and checked against it. The appellant was BEAUMONT BUSINESS CENTRES LTD, represented.