Tribunals · City of London Corporation · 2017 rating list

Basement, 3 Paper Buildings, EC4Y 7EU

Office and Premises Decided 17 July 2025 CHG101094024 JMA Chartered Surveyors

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

Original RV£38,250£400/m²

Ratepayer sought—

VO conceded first—

Tribunal decided£38,250£380/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 16 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant proposed reduced unadjusted base rates of £350 psm for Victorian properties and £315 psm for Georgian properties, contending the listed RVs were unreasonable. The tribunal found the rental evidence demonstrated a value differential between building types and allowed the appeals in part, reducing the base rate to £380 psm for Victorian properties and £360 psm for Georgian properties (5% and 10% reductions respectively). The tribunal rejected arguments for fragmentation allowances due to insufficient evidence of comparable disadvantage.

Summary generated from the decision text and checked against it. The appellant was One Essex Court Ltd, represented.