Le Bistrot Pierre, Unit 1 Abbey Sands, TQ2 5FB
Bar, restaurant and premises Decided 8 June 2022 CHG100291973 DMA Property - Roger Wiggins
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 reduction of the RV from £74,500 (the VO's challenge decision) to £51,250, arguing the property should be valued using the zoning method at £360/m2 like comparable neighbouring units. The tribunal found the property was unique within its development due to first-floor dining space, additional access, external terrace seating and extensive sea views, and therefore not directly comparable to ground-floor-only units. The tribunal attached greatest weight to the actual rent passing (£90,000 pa agreed close to the valuation date), which supported an overall valuation approach at £250/m2, resulting in an RV of £67,500. The appeal was allowed in part to the extent conceded by the VO.
Summary generated from the decision text and checked against it. The appellant was Bistrot Pierre 1994 Ltd, represented.
Grounds argued
- Valuation method · decisive
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions
- Cases cited
- Lotus & Delta v Culverwell
- Hearing
- 19 May 2022
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