PT 2ND FL 2A (EXCL EAST WING) BLUE FIN BUILDING, 110, SOUTHWARK STREET, SE1 0SU
Offices and premises Decided 14 July 2025 CHG101082625 Ryan
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 2 properties together; the figures above are for this appeal's property (PT 2 FL 2A (EXCL EAST WING) BLUE FIN BUILDING, 110 SOUTHWARK STREET, LONDON SE1 0SU). Every property is listed below.
The 2 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 2 FL 2A (EXCL EAST WING) BLUE FIN BUILDING, 110 SOUTHWARK STREET, LONDON SE1 0SUThis appeal | £352,500 | — | £333,000 | Allowed |
| PT 7 FLR (SOUTH), BLUE FIN BUILDING, 110 SOUTHWARK STREET, LONDON SE1 0SU | £660,000 | — | £620,000 | Allowed |
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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All decisions in London Borough of Southwark · Offices nationally
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