PT 7TH FLR (SOUTH), BLUE FIN BUILDING, 110, SOUTHWARK STREET, SE1 0SU
Offices and premises Decided 14 July 2025 CHG101053593 Ryan
Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 2 properties together; the figures above are for this appeal's property (PT 7 FLR (SOUTH), BLUE FIN BUILDING, 110 SOUTHWARK STREET, LONDON SE1 0SU). Every property is listed below.
The 2 properties in this decision
One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| PT 2 FL 2A (EXCL EAST WING) BLUE FIN BUILDING, 110 SOUTHWARK STREET, LONDON SE1 0SU | £352,500 | — | £333,000 | Allowed |
| PT 7 FLR (SOUTH), BLUE FIN BUILDING, 110 SOUTHWARK STREET, LONDON SE1 0SUThis appeal | £660,000 | — | £620,000 | Allowed |
What was argued and what the tribunal found
The appellants challenged the rateable value entries for two office hereditaments in the Blue Fin Building, arguing for a reduction in the tone applied from £490/m² to £460/m² or £450/m². The tribunal accepted that while quantum effects (size-based valuation differences) may apply in some office buildings, the evidence from the subject building did not clearly demonstrate this principle—the larger offices did not consistently value lower than smaller ones. The tribunal found the rents in the building did not support the VO's analysis, rejected the disputed £25 uplift applied to the second-floor rent, and noted that an earlier tribunal panel had allowed similar appeals in the same building at £460/m². Comparing to the nearby newer building (240 Blackfriars Road) where equivalent office space was valued lower, the tribunal determined £460/m² was reasonable for both subject properties.
Summary generated from the decision text and checked against it. The appellant was Mediaocean Systems Ltd and Crown Agents Limited, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Valuation method
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions
- Cases cited
- Lotus and Delta v Culverwell; Gardiner and Theobold LLP v Jackson
- Hearing
- 16 June 2025
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