Tribunals · City of London Corporation · 2017 rating list

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

Offices and premises Decided 26 March 2025 CHG101058616 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 of 14 office units at 100 Liverpool Street London, arguing that the basic rate of £600/m2 was excessive and should be reduced to £515/m2. The tribunal accepted that £600/m2 exceeded comparable office towers and reduced the basic rate to £550/m2, finding that 5 Broadgate (valued at £515/m2) was the best comparable, though the appeal property's better location near Liverpool Station and superior specification justified a modest uplift. For Part 1st Floor, the tribunal granted a 5% allowance for poor access and 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.

Grounds argued

  • Comparable assessments (tone) · decisive
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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