Tribunals · City of London Corporation · 2017 rating list

RMS 3.07-3.09 AT 3RD FLR, 181 Queen Victoria Street, EC4V 4EG

Offices and premises Decided 28 February 2025 CHG101119944 Avison Young (UK) Ltd

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

Original RV£46,500£450/m²

Ratepayer sought—

VO conceded first—

Tribunal decided£46,500£425/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 47 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant challenged the 2017 rating list entries for 47 serviced office hereditaments at 181 Queen Victoria Street, London, contending the unadjusted base rate of £450 psm was unreasonable and proposing £350 psm. The tribunal found the £450 psm was unreasonable, having regard to comparable rental evidence from nearby properties (particularly 85 and 128 Queen Victoria Street), and determined that while 71 Queen Victoria Street was superior and supported £450 psm, the older Victorian building with lower ceilings and original services was comparable to the alternatives, warranting reduction to £425 psm.

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