Comms Room, Pt Lgnd Flr, 181 Queen Victoria Street, EC4V 4EG
Offices and premises Decided 28 February 2025 CHG101122049 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 applied to 47 serviced offices in a 1890s-refurbished building, proposing £350 psm. The tribunal found the comparables evidence showed that 71 Queen Victoria Street (let at £450 psm, but built in 2014) was superior in character and quality to the subject property, and that 85 and 128 Queen Victoria Street (built 1991 and 1997, both refurbished 2018) were more comparable. The tribunal allowed the appeal in part, determining the unadjusted base rate should be £425 psm based on the basket of rental and settlement evidence.
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
- 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.