The Stamford Post 7, Sheepmarket, Stamford, Stamford, PE9 2QZ

What was argued and what the tribunal found

The appellant (Wetherspoon) challenged the original assessment of £73,500 RV, proposing £51,000 RV. The Valuation Officer maintained £89,000 RV. Both parties applied the approved methodology for public houses using fair maintainable trade (FMT) adjusted for over-trading. The tribunal accepted the appellant's FMT of £300,000 for wet/AWP trade and £230,000 for dry trade (applying 50% and 60% reductions respectively), determined Band 2 was appropriate for the wet trade, and adopted the appellant's bid percentages of 10.40% and 8.70%, resulting in an RV of £51,000.

Summary generated from the decision text and checked against it. The appellant was J D Wetherspoon PLC, represented.

Grounds argued

• Valuation method
• Quantum or end allowance
• Other

Evidence

Settled assessments, Photographs, Expert report

Cases cited

Gardiner & Theobald LLP v David Jackson (VO) [2018] UKUT 0253 (LC)

Hearing

17 December 2020