Tribunals · City of London Corporation · 2017 rating list

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

Offices and premises Decided 26 March 2025 CHG101058620 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£102,000£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 values of 14 office units at 100 Liverpool Street, arguing the basis of value should be reduced from £600/m² to £515/m². The tribunal allowed the appeal in part, reducing the basis of value to £550/m² as a reasonable middle ground between the VO's rate and comparable properties, particularly 5 Broadgate (valued at £515/m²) which was located nearby. For Part 1st Floor, the tribunal granted 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.