OFFICE C 2ND FLRC, 100 LIVERPOOL STREET, EC2M 2AT
Offices and premises Decided 26 March 2025 CHG101058570 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 argued the office building valued at £600/m² was excessive and should be reduced to £515/m², with additional allowances for poor access and lack of natural light in the 1st floor space. The tribunal found the £600/m² rate was too high and reduced the basis of value to £550/m², applying 5% for access limitations and 15% for natural light deficiency on the 1st floor, based on comparable properties including 5 Broadgate at £515/m² and the building's location and specification relative to other tower offices.
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
- Relief or exemption
- 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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