Pt Gnd Flr 20 Old Bailey, EC4M 7AN
Office and Premises Decided 31 July 2025 CHG100547666 Knight Frank
Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 12 properties together; the figures above are for this appeal's property (PT GND FLR, 20 Old Bailey, London EC4). Every property is listed below.
The 12 properties in this decision
One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| PT LGND FLR, 20 Old Bailey, London EC4 | £242,000 | — | £260,000 | Allowed in part |
| PT GND FLR, 20 Old Bailey, London EC4This appeal | — | — | £410,000 | Allowed in part |
| 1ST FLR, 20 Old Bailey, London EC4 | — | — | £890,000 | Allowed in part |
| 2ND FLR, 20 Old Bailey, London EC4 | — | — | £1,200,000 | Allowed in part |
| 2ND FLR, 20 Old Bailey, London EC4 | — | — | £1,200,000 | Allowed in part |
| 3RD & 4TH FLRS, 20 Old Bailey, London EC4 | — | — | £2,330,000 | Allowed in part |
| 3RD & 4TH FLRS, 20 Old Bailey, London EC4 | — | — | £2,160,000 | Allowed in part |
| 3RD & 4TH FLRS, 20 Old Bailey, London EC4 | — | — | £2,330,000 | Allowed in part |
| PT GND FLR NORTH, 20 Old Bailey, London EC4 | — | — | £249,000 | Allowed in part |
| PT GND FLR NORTH, 20 Old Bailey, London EC4 | — | — | £230,000 | Allowed in part |
| PT GND FLR NORTH, 20 Old Bailey, London EC4 | — | — | £249,000 | Allowed in part |
| PT 5TH FLR WEST-9TH FLR, 20 Old Bailey, London EC4 | — | — | £3,270,000 | Allowed in part |
What was argued and what the tribunal found
The appellants challenged the rateable values of multiple office units at 20 Old Bailey, London, arguing the existing base rate of £525 psm was unreasonable based on comparable properties and rental evidence. The tribunal examined rental evidence from the subject building and comparable properties (10 Old Bailey valued at £480 psm and 60 Ludgate Hill at £550 psm), and agreed the original RVs were unreasonable. The tribunal determined a base rate of £500 psm was appropriate, reflecting the subject property as superior to 10 Old Bailey but inferior to 60 Ludgate Hill, and allowing for the partial refurbishment with new façade on the Old Bailey side only and reduced natural light at the Fleet Place entrance.
Summary generated from the decision text and checked against it. The appellant was Metro Bank plc, represented.
Grounds argued
- Comparable assessments (tone)
- Valuation method
- Evidence
- Rents, Earlier tribunal decisions
- Cases cited
- Dawn Bunyan (VO) v Acenden Limited [2023] UKUT 17 (LC); Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC); Denton v TH White Ltd [2014] EWCA Civ 906
- Hearing
- 1 July 2025
Similar decisions
- LUTRON (INC 101-106 FENCHURCH STREET), PT 4TH F 52-54, LEADENHALL STREET, EC3A 2BJ — Allowed in part, 25 Sept 2026
- 5 TH FLR 1, BARTHOLOMEW LANE, EC2N 2AX — Dismissed, 10 Sept 2026
- Petronas Energy Trading Ltd, Petronas Energy Trading Ltd, EC4M 7AW — Dismissed, 20 Jul 2026
- Equistone Partners Europe Limited, PT 6TH FLR 60 Ludgate Hill, EC4M 7AW — Dismissed, 20 Jul 2026
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