The Burlington, 25-31 Burlington Street, S40 1RS
Public house and premises Decided 4 March 2022 CHG100168348 Gerald Eve LLP/Gerald Eve LLP - S Hill
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, represented by a surveyor, argued for RV £76,500 based on an Approved Public House Guide methodology, seeking 15% and 20% overtrading adjustments for wet and dry trades respectively, supported by comparable properties in the locality. The Valuation Officer defended RV £92,500 (reduced from £100,000), conceding only 10% overtrading adjustment for dry trade. The tribunal found band B appropriate for dry trade, agreed FMT of £600,000 wet and £300,000 dry, and critically determined that a significant 42% increase in dry trade since refurbishment justified a 20% overtrading adjustment for dry trade but none for wet trade, resulting in RV £90,000.
Summary generated from the decision text and checked against it. The appellant was Stonegate Pub Company, represented.
Grounds argued
- Trading receipts (pubs, hotels)
- Valuation method
- Change of circumstances
- refurbishment
- Evidence
- Trading accounts, Settled assessments
- Cases cited
- Gardiner & Theobald LLP v David Jackson (VO)
- Hearing
- 7 February 2022
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