Gnd Flr Meeting Room, 05, 181 Queen Victoria Street, EC4V 4EG
Offices and premises Decided 28 February 2025 CHG101120469 Avison Young (UK) Ltd
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 unadjusted base rate of £450 psm for 47 serviced office hereditaments, proposing £350 psm. The Tribunal found that the current base rate was unreasonable by comparing rental evidence from comparable properties on Queen Victoria Street and Upper Thames Street, which supported rates significantly lower than £450 psm. The Tribunal determined the properties should be valued at £425 psm, accepting that although 71 Queen Victoria Street was rated at £450 psm, it was a superior 2014-built property, whereas the subject building dated from 1890 with lower ceilings and original floor vents despite 2017 refurbishment.
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
Similar decisions
- 5 TH FLR 1, BARTHOLOMEW LANE, EC2N 2AX — Dismissed, 10 Sept 2026
- Petronas Energy Trading Ltd, Petronas Energy Trading Ltd, EC4M 7AW — Dismissed, 20 Jul 2026
- Equistone Partners Europe Limited, PT 6TH FLR 60 Ludgate Hill, EC4M 7AW — Dismissed, 20 Jul 2026
- Ropes & Gray International Llp, 5th Floor South, EC4M 7AW — Dismissed, 20 Jul 2026
All decisions in City of London Corporation · Offices nationally
Is your own rateable value in line?
A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.
Check a propertyThe tribunal’s decision in full
Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.