Pt 5th Flr West - 9th Flr 20, Old Bailey, EC4M 7BF
Office and Premises Decided 31 July 2025 CHG101078059 Gerald Eve LLP - CCA/Newmark Gerald Eve LLP
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 12 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants argued that the rateable values were unreasonable and proposed an unadjusted base rate of £475 psm (revised from £450 psm), supported by rental evidence from within the subject building and comparable properties (10 Old Bailey and 60 Ludgate Hill), as well as a £25 psm uplift agreed for offices in Category B condition. The tribunal found the current RV unreasonable and, considering the subject property to be superior to 10 Old Bailey (£480 psm) but inferior to 60 Ludgate Hill (£550 psm), determined an unadjusted base rate of £500 psm as reasonable based on the balance of evidence, including rental analysis, comparable assessments, and photographic evidence of the building condition and design.
Summary generated from the decision text and checked against it. The appellant was Withers LLP, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Evidence
- Rents, Earlier tribunal decisions, Photographs, Expert report
- Cases cited
- Acenden Limited v Dawn Bunyan (VO); Gardiner & Theobald LLP v David Jackson (VO); Denton v TH White Ltd
- Hearing
- 1 July 2025
Similar decisions
- 5 TH FLR 1, BARTHOLOMEW LANE, EC2N 2AX — Dismissed, 10 Sept 2026
- Petronas Energy Trading Ltd, Petronas Energy Trading Ltd, EC4M 7AW — Dismissed, 20 Jul 2026
- Equistone Partners Europe Limited, PT 6TH FLR 60 Ludgate Hill, EC4M 7AW — Dismissed, 20 Jul 2026
- Ropes & Gray International Llp, 5th Floor South, EC4M 7AW — Dismissed, 20 Jul 2026
All decisions in City of London Corporation · Offices nationally
Is your own rateable value in line?
A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.
Check a propertyThe tribunal’s decision in full
Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.