Tribunals · City of London Corporation · 2017 rating list

5 TH F FOUNTAIN HSE, 125-135 FENCHURCH STREET, EC3M 5DJ

Offices and premises Decided 30 May 2025 CHG100610850 Ryan Property Tax Services UK Limited/Altus Group - Oakland - Manchester

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£255,000£375/m²

Ratepayer sought£222,000

VO conceded first—

Tribunal decided£222,000£325/m²

Figures are as stated in the decision; a dash means the document does not state that figure.

What was argued and what the tribunal found

The appellant challenged the rateable value of an office property, arguing that the price per square metre of £375/m² was excessive for an outdated grade C building that had only short-term lettings due to planned demolition. The tribunal accepted the appellant's evidence of rental comparables averaging £332.74/m² and local agreements on similar properties, finding that £325/m² was a fair and reasonable rate supported by actual rental evidence including the 8th floor let for £326/m². The appeal was allowed and the RV was reduced to £222,000.

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