OFFICE B 2ND FLR, 100 LIVERPOOL STREET, EC2M 2AT
Office and premises Decided 26 March 2025 CHG101058565 Knight Frank - Bjorn Bowles
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 challenged the 2017 rating list valuation of offices at 100 Liverpool Street, London, arguing the basic tone should be reduced from £600/m² to £515/m². The tribunal found the VO's rate of £600/m² was excessive and reduced it to £550/m², relying primarily on comparable evidence from 5 Broadgate (agreed at £515/m²) and other City of London offices, while considering the appeal property's superior location and specification to justify a premium over the 5 Broadgate comparable. For the Part 1st Floor (lacking natural light and with poor access), the tribunal allowed 15% for lack of natural light and 5% for poor access rather than the 20% and 5% sought.
Summary generated from the decision text and checked against it. The appellant was British Land T/A Storey, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 3 March 2025
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