Tribunals · Wales · Blaenau Gwent · 2017 rating list

HSBC Bank, 34 Bethcar Street, Ebbw Vale NP23 6HQ

Shop and Premises Decided 22 October 2019 691030299514/541NV17/2 Valuation Tribunal for Wales

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV · 2017 list£12,250£140/m²

Ratepayer sought£8,000

VO conceded first—

Tribunal decided£8,500£105/m²

Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure.

What was argued and what the tribunal found

The appellant contended the property should be valued at £8,000 RV (later arguing for £6,000 RV in line with the rent actually paid), down from £12,250 RV, arguing it should be valued as retail premises rather than a bank, and that the tone of comparables on Bethcar Street (particularly larger units at £80–86m2) should apply. The Valuation Officer agreed to reduce the tone from £140m2 to £105m2 and to reclassify the property as shop premises. The tribunal, considering rental evidence from similarly-sized comparable properties on Bethcar Street analysed at £105–111m2, upheld the Valuation Officer's revised valuation of £8,500 RV, finding it fair and reasonable and in line with comparable evidence, although lower than the original list entry.

Summary generated from the decision text and checked against it. The appellant was HSBC Bank, represented.