PT GND FLR NORTH 20 OLD BAILEY, EC4M 7BH
Office and Premises Decided 31 July 2025 CHG101122009 Savills UK Limited
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 12 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants challenged the rateable values of office properties at 20 Old Bailey, London, arguing the existing assessments based on £525 psm were unreasonable. The tribunal heard evidence from comparative rental analyses of the subject building and comparable properties (10 Old Bailey and 60 Ludgate Hill), as well as photographs showing the quality of the subject property. The tribunal found the subject property superior to 10 Old Bailey (£480 psm) but inferior to 60 Ludgate Hill (£550 psm), and on the balance of evidence determined that £500 psm was a reasonable unadjusted base rate, allowing for differences in condition and refurbishment, and applied £500 psm to calculate revised RVs for all 12 properties.
Summary generated from the decision text and checked against it. The appellant was Metro Bank plc, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Evidence
- Rents, comparable_assessments, Photographs
- Cases cited
- Dawn Bunyan (VO) v Acenden Limited [2023] UKUT 17 (LC); Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC); Denton v TH White Ltd [2014] EWCA Civ 906
- Hearing
- 1 July 2025
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