Tribunals · City of London Corporation · 2023 rating list

5 TH FLR 1, BARTHOLOMEW LANE, EC2N 2AX

Office and premises Decided 10 September 2026 CHG101322773 Ryan Property Tax Services UK Limited

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.
Original RV£390,000£550/m²
Ratepayer sought£355,000
VO conceded first—
Tribunal decided£390,000£550/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 appellant contended the rateable value of £390,000 (based on a main space price of £550/m²) was excessive and proposed £355,000 (£469.20/m²), arguing there should be no allowance for fit out costs. The tribunal found the VO's evidence more reliable, accepting that a refresh of the property added value justifying an additional £50/m² for fit out. The tribunal was satisfied that a tone of £550/m² had been established for the office block, supported by comparable rental evidence from the Third Floor at the same property, and dismissed the appeal.

Summary generated from the decision text and checked against it. The appellant was NPLUS SINGER ADVISORY LLP, represented.

Grounds argued

  • Rental evidence
  • Comparable assessments (tone) · decisive
  • Valuation method
Evidence
Rents, Settled assessments
Cases cited
Lotus and Delta v Culverwell; Dawn Bunyan (VO) v Acenden Limited; Hitchings (VO) v Shoosmiths LLP and another company; Gardiner & Theobald LLP v David Jackson (VO)
Hearing
20 August 2026

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