Tribunals · London Borough of Southwark · 2017 rating list

BST & GND FLR 41, GREAT GUILDFORD STREET, SE1 0ES

Offices and premises Decided 17 June 2025 CHG100821310 Ryan Property Tax Services UK Limited/Altus Group - Oakland - Manchester

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV£69,000£400/m²

Ratepayer sought£51,500

VO conceded first—

Tribunal decided£64,500£375/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 argued the subject property should be valued at £300/m2 (£51,500 RV) on the basis that comparable offices in Great Guildford Street had been reduced from £400/m2 to lower rates and that the Metal Box Factory units with superior specification were also at £400/m2. The tribunal, weighing rental evidence from 39 Great Guildford Street (£463.74/m2, closest to AVD) and noting the subject property's slightly inferior specification to units valued at £400/m2, determined a middle ground of £375/m2 was fair and reasonable, resulting in a tribunal RV of £64,500.

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