Mojo, 19 Back Bridge Street, M3 2PB

What was argued and what the tribunal found

The appellant argued the property should be valued using the passing rent (£44,500 at AVD, rising to £53,400 after rent review four months later) and comparable property evidence (The Liars Club at £160/m²), rather than the FMT methodology in the Approved Guide, which applies to pubs not nightclubs. The tribunal found the subject rent persuasive as the strongest evidence under the Lotus test, and accepted the comparable property tone of £160/m² derived from The Liars Club, which was the same type of property in the same location. The tribunal rejected the FMT approach as inappropriate for a nightclub and noted the property had been valued on a price per m² basis in the 2010 list.

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

Grounds argued

• Valuation method · decisive
• Comparable assessments (tone)
• Rental evidence

Evidence

Rents, Settled assessments

Cases cited

Lotus & Delta Ltd v Culverwell; Gardiner & Theobald LLP v David Jackson

Hearing

30 October 2020