Tribunals · City of London Corporation · 2017 rating list

RMS 1.07-1.08 AT 1ST FLR 80, COLEMAN STREET,, EC2R 5BJ

Offices and premises; serviced offices Decided 29 July 2025 CHG101083771 Avison Young (UK) Ltd

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV£28,750£395/m²

Ratepayer sought£27,000

VO conceded first—

Tribunal decided£27,000£380/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 146 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant challenged 146 rateable values for serviced office suites within a multi-let building, citing material change of circumstances due to adjacent building works and disputing the tone adopted in the original valuation. Following extensive pre-hearing discussions, the parties agreed to reduce the main tone from £395 per m² to £380 per m², apply a 4% disturbance allowance effective 1 April 2017 for building works, and an additional 4% allowance (total 8%) effective 14 August 2017 until 15 October 2020. The tribunal ratified these agreed valuations in accordance with Regulation 38(7) of the VTE Procedure Regulations 2009.

Summary generated from the decision text and checked against it. The appellant was Beaumont Business Centres Ltd, represented.