Tribunals · City of London Corporation · 2017 rating list

STOREY CLUB, 2ND FLR, 100 LIVERPOOL STREET, EC2M 2AT

Offices and premises Decided 26 March 2025 CHG101058662 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—£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 argued the office building at 100 Liverpool Street should be valued at £515/m2 rather than the Valuation Officer's £600/m2, relying on rental evidence averaging £520/m2 and comparable properties valued at £515/m2 (5 Broadgate) and £535/m2 (20 Gresham Street). The tribunal found the £600/m2 rate excessive and reduced it to £550/m2, as the property's modern specification and proximity to Liverpool Station justified a rate above the nearest comparable (5 Broadgate) but below tower buildings valued at £575/m2. For one first-floor unit with access limitations and lack of natural light, the tribunal applied 5% and 15% allowances respectively.

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