Sub-Basement, Basement Part And Ground Floor Part, WC2H 7DH
Club and premises Decided 28 May 2021 CHG100111082 Conneely Tribe - Mr Paul Tribe
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 sought a reduction from £410,000 to £302,500 RV based on a rental approach, arguing that a 17.5% downward adjustment from a 2017 rent was warranted, and that comparable clubs were too dissimilar in size and location. The tribunal rejected the rental evidence as being too remote from the valuation date (31 months post-AVD) and considered the AVD adjustment unsupported by evidence. The tribunal found the VO's comparables, though smaller and at different levels, provided a reliable basis for valuation within the lower end of the club value range at £625/m2.
Summary generated from the decision text and checked against it. The appellant was TDC Ents Ltd, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Floor area or measurement
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions
- Cases cited
- Lotus and Delta v Culverwell; Special Eyes v Felgate
- Hearing
- 13 May 2021
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