Tribunals · City of London Corporation · 2017 rating list

Pt 3rd F Bank of Scotland (O) 55, Old Broad Street, EC2M 1RX

Offices and premises Decided 19 March 2025 CHG100783782 Ryan Property Tax Services UK Limited/Altus Group - Oakland - Manchester

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£223,000£420/m²

Ratepayer sought£199,000

VO conceded first—

Tribunal decided£223,000£420/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 5 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellants argued that the rateable value entries should be reduced from £420/m2 to £375/m2, contending that the subject office spaces were not grade A properties and had poor energy efficiency ratings. The tribunal considered rental evidence from multiple floors within the same building, including two rents agreed very close to the antecedent valuation date (28 April 2015 and 3 September 2015) that analysed to £518/m2 and £488/m2 respectively. The tribunal found the Valuation Officer's tone of £420/m2 was fair, reasonable and supported by compelling direct evidence from comparable properties within the building, and dismissed the appeals.

Summary generated from the decision text and checked against it. The appellant was JCW Search Limited, represented.