OFFICE J 2ND FL, 100 LIVERPOOL STREET, EC2M 2AT
Office and premises Decided 26 March 2025 CHG101058609 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 Rateable Value of multiple offices at 100 Liverpool Street London, arguing the tone of list (basis of value) should be reduced from £600/m² to £515/m². The tribunal found the VO's £600/m² rate was excessive, being higher than comparable tower offices, and applied the tone adopted by comparable properties including 5 Broadgate at £515/m² and 20 Gresham Street at £535/m², determining a reduced tone of £550/m² was reasonable given the property's superior location and modern specification. For the Part 1st Floor, the tribunal allowed a 15% allowance for lack of natural light and 5% for poor access.
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, rental_evidence
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 3 March 2025
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