Tribunals · City of London Corporation · 2017 rating list

Gnd Flr Meeting Room 03 At, 181 Queen Victoria Street, EC4V 4EG

Offices and premises Decided 28 February 2025 CHG101122014 Avison Young (UK) Ltd

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

Original RV—£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 RV for 47 serviced offices at 181 Queen Victoria Street, proposing an unadjusted base rate of £350 psm against the list rate of £450 psm. The tribunal found the original rate of £450 psm was unreasonable based on comparable rental evidence from nearby properties (85 and 128 Queen Victoria Street, and 68 Upper Thames Street) and settlement evidence, rejecting the VO's reliance on a single property (71 Queen Victoria Street) which was superior in quality and located in a different part of the street. The tribunal determined a revised unadjusted base rate of £425 psm.

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