BST 67-74, SAFFRON HILL, EC1N 8QX
Offices and premises Decided 20 February 2026 CHG101225528 Ryan Property Tax Services UK Limited
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 2 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants challenged the rateable value of two office properties at 67-74 Saffron Hill, London, arguing that the base rate of £450/m2 was excessive. The tribunal found that rental evidence from the 1st Floor of the same building (£402/m2, January 2022 letting) and a comparable property at Baird House (reduced from £450/m2 to £365/m2) provided sufficient evidence to support a reduction. The tribunal determined the appropriate base rate was £400/m2, reducing the 3rd Floor RV to £155,000 and the basement warehouse RV to £91,000 with effect from 1 April 2023.
Summary generated from the decision text and checked against it. The appellant was Reapit Limited, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Valuation method
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus & Delta Ltd v Culverwell; Gardiner & Theobald LLP v David Jackson
- Hearing
- 27 January 2026
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