Tribunals · City of London Corporation · 2017 rating list

RM 3.07 AT 3RD FL 80,, COLEMAN STREET, EC2R 5BJ

Offices and premises; serviced offices Decided 29 July 2025 CHG101076823 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 (Beaumont Business Centres Ltd) challenged 146 assessments at the serviced offices in the 2017 rating list on various grounds including material change in circumstance arising from building works. The parties reached agreements prior to the hearing and confirmed them at the hearing, with adjustments to the tone of value and allowances for building works disturbance. The tribunal ratified the agreed valuations applying a revised tone of £380 per m² (reduced from £395 per m²) with 4% allowance for MCC disturbance from 1 April 2017 and a total 8% allowance (additional 4%) for the period 14 August 2017 to 15 October 2020.

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