The Greystones, The Greystones, S11 7BS

What was argued and what the tribunal found

The appellant, represented by the Pub Advisory Service, argued that the RV of £44,750 was excessive and should be reduced to £34,000 based on a lower Fair Maintainable Trade (FMT) figure of £344,500, contending that comparable properties in better locations had lower RVs. The Valuation Officer maintained that the FMT of approximately £475,000 was reasonable, based on actual trade evidence from the property showing consistent performance across multiple years, and that the property should be categorized as Wet category 3 due to its residential location. The tribunal dismissed the appeal, finding that the VO's FMT figure was supported by actual trade evidence from the property itself and that comparables should only be used when trade evidence is insufficient, which was not the case here.

Summary generated from the decision text and checked against it. The appellant was Thornbridge Taps Limited, represented.

Grounds argued

• Trading receipts (pubs, hotels) · decisive
• Comparable assessments (tone)
• Valuation method

Evidence

Trading accounts, Rents

Cases cited

Watney Mann Ltd v Langley (VO) [QB 1963]; JD Wetherspoon PLC v Day (VO) [2008 RA 129]; Lothian Assessor v Belhaven Brewery Co Ltd (2008) RA464; Lothian Assessor v BBW Leisure Ltd (2008) RA470; Dennett v Crisp (VO) [2013] UKUT 035; Brunning & Price Ltd v Wynn-Cowell (VO) LT 2007 RA/25/2005; Jack in the Green v Buckley (VO) 110516875401/537N10; Wishart v Hulse (VO) UKUT 0224/RA/70/2017

Hearing

3 September 2024

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All decisions in Sheffield City Council · Pubs, hotels and leisure nationally