Tribunals · City of London Corporation · 2017 rating list

Farrars Building, Hare Court, EC4Y 7BD

Office and Premises Decided 17 July 2025 CHG101048832 JMA Chartered Surveyors

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

Original RV£121,000£400/m²

Ratepayer sought—

VO conceded first—

Tribunal decided£131,000£380/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 16 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellants proposed unadjusted base rates of £350 psm for Victorian properties and £315 psm for Georgian properties, arguing the listed values of £400 and £380 psm were unreasonable. The tribunal considered rental evidence from 13 properties and found that Victorian and Georgian properties had demonstrable value differentials compared to post-war buildings. Based on rental evidence showing a 5% and 10% difference, the tribunal allowed the appeals in part, reducing the base rates to £380 psm for Victorian and £360 psm for Georgian properties. The tribunal dismissed claims for fragmentation allowances and confirmed the inclusion of disputed floor area as useable space.

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