Tribunals · London Borough of Redbridge · 2017 rating list

Arinza Hotel, 50 Mansfield Road, IG1 3BD

Hotel and premises Decided 8 April 2021 CHG100082530 JMA Chartered Surveyors

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV£82,000

Ratepayer sought£25,000

VO conceded first£60,500−26% before the hearing

Tribunal decided£25,000from 1 Apr 2017

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 hotel should be valued on a Fair Maintainable Trade (receipts) basis at £25,000 RV, while the Valuation Officer argued for a rental/comparative basis valuation at £60,500 RV. The tribunal found there was insufficient rental or comparable evidence in the locality, but accepted settled evidence showing similar outer London hotels with over 20 rooms had been valued using receipts methodology. The tribunal determined the FMT of £250,000 and the applied percentage were reasonable, allowing the appeal and setting the RV at £25,000 with effect from 1 April 2017.

Summary generated from the decision text and checked against it. The appellant was an individual ratepayer, represented.

Grounds argued

Rental evidence
Valuation method
Trading receipts (pubs, hotels) · decisive

Evidence: Trading accounts, Settled assessments, Expert report
Cases cited: Gardiner & Theobald LLP v David Jackson (VO); Arma Hotels Ltd v Andrew Corkish (VO)
Hearing: 10 March 2021

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The tribunal’s decision in full

Download the PDF · Find it on valuationtribunal.gov.uk