Pt 5th Flr West - 9th Flr 20, Old Bailey, EC4M 7BF
Office and Premises Decided 31 July 2025 CHG101078059 Newmark
Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 12 properties together; the figures above are for this appeal's property (PT 5TH FLR WEST-9TH FLR, 20 Old Bailey, London EC4). Every property is listed below.
The 12 properties in this decision
One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| PT LGND FLR, 20 Old Bailey, London EC4 | £242,000 | — | £260,000 | Allowed in part |
| PT GND FLR, 20 Old Bailey, London EC4 | — | — | £410,000 | Allowed in part |
| 1ST FLR, 20 Old Bailey, London EC4 | — | — | £890,000 | Allowed in part |
| 2ND FLR, 20 Old Bailey, London EC4 | — | — | £1,200,000 | Allowed in part |
| 2ND FLR, 20 Old Bailey, London EC4 | — | — | £1,200,000 | Allowed in part |
| 3RD & 4TH FLRS, 20 Old Bailey, London EC4 | — | — | £2,330,000 | Allowed in part |
| 3RD & 4TH FLRS, 20 Old Bailey, London EC4 | — | — | £2,160,000 | Allowed in part |
| 3RD & 4TH FLRS, 20 Old Bailey, London EC4 | — | — | £2,330,000 | Allowed in part |
| PT GND FLR NORTH, 20 Old Bailey, London EC4 | — | — | £249,000 | Allowed in part |
| PT GND FLR NORTH, 20 Old Bailey, London EC4 | — | — | £230,000 | Allowed in part |
| PT GND FLR NORTH, 20 Old Bailey, London EC4 | — | — | £249,000 | Allowed in part |
| PT 5TH FLR WEST-9TH FLR, 20 Old Bailey, London EC4This appeal | — | — | £3,270,000 | Allowed in part |
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
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- Petronas Energy Trading Ltd, Petronas Energy Trading Ltd, EC4M 7AW — Dismissed, 20 Jul 2026
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