Tribunals · City of London Corporation · 2017 rating list

Rm 1.05, At 1st Flr, 181 Queen Victoria Street, EC4V 4EG

Offices and premises Decided 28 February 2025 CHG101122058 Avison Young (UK) Ltd

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

Original RV£49,250£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 rateable values for 47 serviced office hereditaments at 181 Queen Victoria Street, arguing the unadjusted base rate of £450 psm was unreasonable and proposing £350 psm. The tribunal found the current rate of £450 psm was unreasonable, relying on rental evidence from comparable properties (particularly 85 and 128 Queen Victoria Street) and noting that 71 Queen Victoria Street, though similarly rated at £450 psm, was a superior modern 2014 building whereas the subject property was originally built in 1890. The tribunal determined a revised base rate of £425 psm was appropriate based on the basket of comparable evidence.

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