Bull Inn, Bisham Village, Marlow Road, Marlow Road, SL7 1RR

What was argued and what the tribunal found

The appellant argued that the property was a destination food-led public house with high turnover (£825,913 and £865,917 in 2015–2016) but with correspondingly high running costs, and that the owner was overtrading such that another occupier would not achieve similar trade; accordingly, the RV should be £53,000. The Valuation Officer argued the RV of £75,000 was fair, supported by comparable high-turnover food-led public houses in the locality. The tribunal accepted that the Valuation Officer's application of the percentages and bands under the Approved Public House Guide was correct and, comparing the subject property to comparable properties, found that overtrading had not been proven, as another landlord could reasonably be expected to achieve similar trade levels.

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

Grounds argued

• Trading receipts (pubs, hotels)
• Valuation method · decisive

Evidence

Trading accounts, Expert report

Cases cited

Gardiner & Theobald LLP v David Jackson (VO)

Hearing

22 October 2020