PT 2ND FL 2A (EXCL EAST WING) BLUE FIN BUILDING, 110, SOUTHWARK STREET, SE1 0SU
Offices and premises Decided 14 July 2025 CHG101082625 Ryan Property Tax Services UK Limited/Altus Group - Oakland - Manchester
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants challenged the rateable values of two office floors (second and seventh) at the Blue Fin Building, Southwark, contending that the tone per m² should be reduced from £490/m² to £460/m². The tribunal accepted that whilst some quantum effect may apply to larger offices, the evidence from comparable rents in the building did not clearly support the VO's valuation approach. The tribunal found that £460/m² was reasonable when compared to valuations of equivalent office space in the newer adjacent 240 Blackfriars Road building, adjusted downward to reflect the Blue Fin Building's older age.
Summary generated from the decision text and checked against it. The appellant was Mediaocean Systems Ltd and Crown Agents Limited, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Rental evidence
- Quantum or end allowance
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions
- Cases cited
- Lotus and Delta v Culverwell; Gardiner and Theobold LLP v Jackson
- Hearing
- 16 June 2025
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