1ST AND (EXC NORTH) PT 2ND FLR, 60 LUDGATE HILL, EC4M 7AW
Offices and premises Decided 20 July 2026 CHG101078712 Montagu Evans
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 8 properties together; the figures above are for this appeal's property (1st & (Exc North) Pt 2nd Flr, 60 Ludgate Hill, London, EC4M 7AW). Every property is listed below.
The 8 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 |
|---|---|---|---|---|
| 1st and 2nd Flrs, 60 Ludgate Hill, London, EC4M 7AW | £2,230,000 | — | £2,230,000 | Dismissed |
| 1st & (Exc North) Pt 2nd Flr, 60 Ludgate Hill, London, EC4M 7AWThis appeal | £2,070,000 | — | £2,070,000 | Dismissed |
| Pt 6th Flr, 60 Ludgate Hill, London, EC4M 7AW | £407,500 | — | £407,500 | Dismissed |
| 9th Flr, 60 Ludgate Hill, London, EC4M 7AW | £675,000 | — | £675,000 | Dismissed |
| 4th Flr, 60 Ludgate Hill, London, EC4M 7AW | £1,130,000 | — | £1,130,000 | Dismissed |
| 3rd Flr, 60 Ludgate Hill, London, EC4M 7AW | £1,130,000 | — | £1,130,000 | Dismissed |
| 5th Flr, 60 Ludgate Hill, London, EC4M 7AW | £337,500 | — | £337,500 | Dismissed |
| 7th Flr, 60 Ludgate Hill, London, EC4M 7AW | £645,000 | — | £645,000 | Dismissed |
What was argued and what the tribunal found
The appellants, represented by surveyors from Montagu Evans, Knight Frank, Dalton Warner Davis, Graham + Sibbald and Colliers International, challenged the rateable value of offices at 60 Ludgate Hill on the grounds that the price per m2 of £550 was unreasonable and should be reduced to £535 per m2, based on rental evidence from within the building. The tribunal considered rental evidence from within the subject building ranging from £504 to £707.50 per m2 and found that two rents fell below the adopted price of £550 and two fell above it. The tribunal concluded that at £550 per m2, the adopted price was not unreasonable and dismissed the appeals.
Summary generated from the decision text and checked against it. The appellant was Commonwealth Bank of Australia, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents
- Cases cited
- Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 26 June 2026
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