Tribunals · London Borough of Southwark · 2017 rating list

FIFTH FLOOR BLUE FIN BUILDING, 110 SOUTHWARK STREET, SE1 0SU

Offices and premises Decided 6 January 2025 CHG100731900 Altus Group - Oakland - Manchester

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£467,500£490/m²

Ratepayer sought£440,000

VO conceded first—

Tribunal decided£440,000£460/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellants argued the Valuation Officer's tone of value of £490 per m² for main space was not justified and sought a reduction to £460 per m². The tribunal found the respondent had applied a blanket tone inconsistently across properties in the building of varying sizes, with some larger units also assessed at £490 per m² despite the claimed size-based rationale. The tribunal concluded the tone of value should be reduced to £460 per m² in line with the VO's own agreed reduction for a comparable floor in the same building, resulting in revised RVs of £440,000 and £262,500 for the fifth and twelfth floors respectively.

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