Tribunals · City of London Corporation · 2017 rating list

RMS 1.05 & 1.06 1ST FLR, Beaumont Business Centre, 80 Coleman Street, 80 Coleman Street, EC2R 5BJ

Offices and premises; serviced offices Decided 29 July 2025 CHG101076834 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 argued for reductions to the rateable values of 146 serviced office units at a building undergoing construction works, contending that the tone adopted in the compiled list and the impact of adjacent building works should be reflected. The tribunal ratified an agreed settlement between the parties whereby the main rate was reduced from £395 per m² to £380 per m², with a 4% allowance applied from 1 April 2017 and an additional 4% allowance (total 8%) applied from 14 August 2017 to 14 October 2020 to reflect the material change of circumstances arising from building works disturbance.

Summary generated from the decision text and checked against it. The appellant was BEAUMONT BUSINESS CENTRES LTD, represented.