Tribunals · City of London Corporation · 2017 rating list

OFFICE A 2ND FLR, 100 LIVERPOOL STREET, EC2M 2AT

Offices and premises Decided 26 March 2025 CHG101058562 Knight Frank - Bjorn Bowles

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

Original RV—£600/m²

Ratepayer sought—

VO conceded first—

Tribunal decided£299,000£550/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 14 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant argued the appeal properties should be valued at £515/m2 rather than the VO's £600/m2, relying on rental evidence and comparable assessments including 5 Broadgate at £515/m2 and other neighbouring properties. The tribunal found the VO's £600/m2 rate excessive and that the properties should not be valued higher than office tower buildings agreed at £575/m2. The tribunal adopted £550/m2 as a reasonable middle ground, having regard to the modern specification and location relative to comparable nearby properties, whilst granting allowances of 5% for access and 15% for lack of natural light to the Part 1st Floor.

Summary generated from the decision text and checked against it. The appellant was British Land T/A Storey, represented.