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Tribunals · London Borough of Southwark · 2023 rating list

GND FL 96-­108, GREAT SUFFOLK STREET,, SE1 0BE

Offices and premises Decided 25 November 2025 CHG101312860 Ryan

OutcomeAllowedThe tribunal reduced the rateable value.
Original RV · 2023 list£175,000
Ratepayer sought£169,000
VO conceded first—
Tribunal decided£169,000from 1 Apr 2023

Figures are as stated in the decision, and are values in the 2023 list; a dash means the document does not state that figure. This judgement decided 2 properties together; the figures above are for this appeal's property (GND FL 96-108, GREAT SUFFOLK STREET, LONDON, SE1 0BE). Every property is listed below.

The 2 properties in this decision

One judgement covered all of these appeals. Each property’s figures as the judgement states them (2023 list); this appeal’s property is highlighted.

The properties covered by this tribunal decision, with the figures it states for each
PropertyOriginal RVSoughtTribunal decidedOutcome
GND FL 96-108, GREAT SUFFOLK STREET, LONDON, SE1 0BEThis appeal£175,000£169,000£169,000Allowed
2ND FL 96-108, GREAT SUFFOLK STREET, LONDON, SE1 0BE£194,000£186,000£186,000Allowed

What was argued and what the tribunal found

The appellant contended that the adopted price of £400 per m2 was excessive, proposing £385 per m2 based on rental evidence from the subject property itself (Ground Floor at £385 per m2 from a new lease of November 2011, and 4th Floor at £385 per m2 from a lease renewal of August 2021 with adjustments) and comparable assessments on Great Suffolk Street showing lower price per m2. The Valuation Officer defended £400 per m2 with reference to various rental evidence. The tribunal found that the most relevant evidence came from rental analysis within the subject hereditament itself at £385 per m2, determining that the present price of £400 per m2 was unreasonable and allowing the appeals.

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

Grounds argued

  • Rental evidence
  • Comparable assessments (tone)
Evidence
Rents, Settled assessments
Cases cited
Lotus and Delta v Culverwell
Hearing
7 November 2025

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The tribunal’s decision in full

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

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