Tribunals · City of London Corporation · 2017 rating list

OFFICE G & H 2ND FLR, 100 LIVERPOOL STREET, EC2M 2AT

Offices and premises Decided 26 March 2025 CHG101058597 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 challenged the rateable value at £600/m² as excessive, proposing £515/m² based on comparable rents averaging £520/m² and agreed comparables at £515/m² such as 5 Broadgate. The tribunal found the original rate excessive, particularly as it exceeded tower building comparables at £575/m². The tribunal adopted £550/m² as reasonable, considering the appeal property's improved specification and closer proximity to Liverpool Street station compared to 5 Broadgate, whilst recognising that nearby Gresham Street properties were older. For the first floor space, the tribunal allowed a 5% deduction for poor access and 15% for lack of natural light, given limited office usability.

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