Tribunals · City of London Corporation · 2017 rating list

LOUNGE 2ND FLR, 100 LIVERPOOL STREET, EC2M 2AT

Office and premises Decided 26 March 2025 CHG101058625 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 2017 rating list valuation of various offices at 100 Liverpool Street, arguing they should be valued at £515/m² rather than £600/m². The appellant cited rental evidence from comparable properties averaging £520/m² and agreed assessments of nearby buildings such as 5 Broadgate at £515/m². The tribunal found the VO's rate of £600/m² excessive, particularly as it exceeded rates applied to taller office towers. The tribunal adopted £550/m² as reasonable, having regard to 5 Broadgate's proximity and the appeal property's modern specification and superior location to Liverpool Station. For the Part 1st Floor, the tribunal allowed 5% for poor access and 15% for lack of natural light, rejecting the appellant's bid for 20% and 5% respectively.

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