2 ND FLR 20, OLD BAILEY,, EC4M 7BH
Office and Premises Decided 31 July 2025 CHG100803082 CBRE - David Shuttleworth
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 12 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants argued that the rateable values shown in the 2017 Rating List were wrong, seeking a base rate of £475 psm (later revised from £450 psm). The Tribunal found that the current rateable values at £525 psm were unreasonable. Based on comparable evidence from 10 Old Bailey (£480 psm for a newbuild property) and 60 Ludgate Hill (£550 psm for a 2015 newbuild), and noting that the subject property (refurbished 2018) was superior to the former but inferior to the latter, the Tribunal determined a revised base rate of £500 psm was reasonable.
Summary generated from the decision text and checked against it. The appellant was Metro Bank plc, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents, comparable_assessments, Photographs
- 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
- 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
- Ropes & Gray International Llp, 5th Floor South, EC4M 7AW — Dismissed, 20 Jul 2026
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