Tribunals · London Borough of Islington · 2017 rating list

2ND & 3RD FLRS 15 BONHILL STREET, EC2P 2EA

Offices and premises Decided 8 September 2025 CHG101142384 Savills UK Limited

OutcomeAgreed at hearingThe two sides agreed a figure, which the tribunal recorded.
Original RV—
Ratepayer sought—
VO conceded first—
Tribunal decided£1,150,000£440/m²

Figures are as stated in the decision; a dash means the document does not state that figure.

What was argued and what the tribunal found

The appeal concerned the rateable value of office premises at 2nd and 3rd floors of 15 Bonhill Street, London. The parties reached agreement on the valuation, and the tribunal ratified their settlement at £1,150,000 with effect from 1 March 2019. The agreed valuation was based on a price per m² of £440 with a temporary disadvantage allowance of 10.50%.

Summary generated from the decision text and checked against it. The appellant was Nexmo Ltd, represented.

Grounds argued

  • Comparable assessments (tone)
  • Quantum or end allowance
Hearing
4 September 2025

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The tribunal’s decision in full

Download the PDF · Find it on valuationtribunal.gov.uk

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