Tribunals · Wales · Vale of Glamorgan · 2017 rating list

Retail Warehouse and Premises, Unit 1 Port Road Retail Park, Culverhouse Cross, Cardiff CF5 6AE

Retail Warehouse and Premises Decided 3 April 2020 695030968921/285NV17/56 Valuation Tribunal for Wales CBRE

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV · 2017 list£290,000£100/m²

Ratepayer sought£223,000

VO conceded first—

Tribunal decided£290,000£100/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's agent proposed a reduction in the rateable value from £290,000 to £223,000, arguing that the valuation officer's base unit rate of £100/m² was excessive compared to open market rental evidence at the subject property. The tribunal found that whilst the appeal property's actual passing rent was 3 years 9 months post the antecedent valuation date and therefore too remote to be given weight, the comparable properties identified by the valuation officer (particularly Unit A Wenvoe Park, Unit H Cardiff Bay Retail Park and Unit 2 The Avenue Retail Park) were in similar locations and had been agreed with agents, supporting a tone of £100/m². The tribunal concluded that the valuation officer's approach was fair and reasonable and that the appellant's agent had failed to discharge the burden of proof, therefore dismissing the appeal.

Summary generated from the decision text and checked against it. The appellant was B&M Retail Limited, represented.