10 The Abbey, 10 Church Street, NR18 0PH
Aparthotel and premises Decided 11 November 2020 CHG100053059
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 argued that the Valuation Officer's fair maintainable trade (FMT) estimate of £350,000 was unreliable as it was based on a projection from press reports, and that actual trade figures of £232,727 were more reliable. The tribunal found that the appellant's use of actual trade figures was more credible than the estimated FMT, and accepted the proposed valuation of £26,250 RV based on adjusted FMT of £219,461 applied at 12%.
Summary generated from the decision text and checked against it. The appellant was Wymondham Abbey Project Ltd, represented.
Grounds argued
- Trading receipts (pubs, hotels)
- Valuation method
- Evidence
- Trading accounts, Expert report
- Hearing
- 19 October 2020
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