Tribunals · City of London Corporation · 2017 rating list

PT 1ST FLR, 100 LIVERPOOL STREET, EC2M 2AT

Office and premises Decided 26 March 2025 CHG101058665 Knight Frank - Bjorn Bowles

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV£299,000£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 contended that the offices should be valued at £515/m2 rather than the Valuation Officer's £600/m2, supported by 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 and determined that £550/m2 was appropriate, having regard to the newer specification compared to older comparables and the better location relative to 5 Broadgate. For the Part 1st Floor, the tribunal allowed a 5% adjustment for poor access and 15% for lack of natural light, as the space could not be used as standard office accommodation.

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