Tribunals · City of London Corporation · 2017 rating list

RM 6.01 6TH FLR, 80 Coleman Street, EC2R 5BJ

Offices and premises; serviced offices Decided 29 July 2025 CHG100352490 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 rateable values for serviced offices in the building, arguing for a reduction in the tone rate and allowances for material change of circumstances due to adjacent building works. The parties reached agreements in principle prior to the hearing and ratified revised valuations at the tribunal: the main rate was reduced from £395 to £380 per m² with a 4% allowance for building works from 1 April 2017, an additional 4% allowance from 14 August 2017 to 15 October 2020, and reinstatement to the compiled list value thereafter. The tribunal ratified these agreed values as it found the parties' position reasonable and within the tribunal's powers under the relevant regulations.

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