Tribunals · City of London Corporation · 2017 rating list

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

Office and premises Decided 26 March 2025 CHG101058589 Knight Frank - Bjorn Bowles

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

Original RV£299,000£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 challenged the Rateable Value based on the tone adopted by the Valuation Officer of £600/m2, arguing it should be reduced to £515/m2. The appellant relied on comparable rental evidence averaging £520/m2 and agreed assessments of similar properties such as 5 Broadgate at £515/m2. The tribunal allowed the appeal in part, reducing the tone to £550/m2, finding that the original rate was excessive compared to comparable office buildings and that the appeal property, while more modern than some comparables, did not justify the highest rating applied within the City of London. For the Part 1st Floor (CHG101058665), the tribunal granted a 5% allowance for poor access and a 15% allowance for lack of natural light.

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