Tribunals · City of London Corporation · 2017 rating list

RM 209 2ND FLR 80,, Beaumont Business Centre, 80 Coleman Street, 80 Coleman Street, EC2R 5BJ

Offices and premises; serviced offices Decided 29 July 2025 CHG101076807 Avison Young (UK) Ltd

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

Original RV£28,750£395/m²

Ratepayer sought£27,000

VO conceded first—

Tribunal decided£27,000£380/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 146 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant challenged the compiled list entries and subsequent alterations for 146 serviced office units at the subject building, arguing that the valuation should be reduced to reflect building works disturbances and applying a revised tone of £380 per m² instead of £395 per m². The parties agreed the appeals in principle before the hearing, with the tribunal ratifying the agreed values: a reduction in the main rate from £395 to £380 per m² with a 4% allowance for building works disturbance as at 1 April 2017, and an additional 4% (8% total) allowance for a further disturbance period from 14 August 2017 to 15 October 2020, after which the agreed compiled list value should be reinstated.

Summary generated from the decision text and checked against it. The appellant was Beaumont Business Centres Ltd, represented.