Tribunals · City of London Corporation · 2017 rating list

Rm Lg.03, At Lwr Grd Flr, 181 Queen Victoria Street, EC4V 4EG

Offices and premises Decided 28 February 2025 CHG101120463 Avison Young (UK) Ltd

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.
Original RV£46,580£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 suites at 181 Queen Victoria Street, London, seeking a reduced unadjusted base rate of £350 psm instead of the listed £450 psm. The tribunal found the current assessments unreasonable and accepted the appellant's comparable evidence, particularly rents from nearby comparable properties and settlement evidence from Upper Thames Street and Queenhithe. The tribunal preferred the appellant's analysis of rental evidence, noting the subject property (originally built 1890, refurbished 2017) was less modern than some comparables like 71 Queen Victoria Street (built 2014), and determined a revised base rate of £425 psm was appropriate.

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

Grounds argued

  • Comparable assessments (tone) · decisive
Evidence
Rents, Settled assessments, Photographs
Cases cited
Lotus and Delta v Culverwell; Gardiner & Theobald LLP v David Jackson
Hearing
31 January 2025

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