Kentucky Fried Chicken (KFC), Baglan Retail Park, Afan Way, Port Talbot SA12 6NR

What was argued and what the tribunal found

The appellant, through its agent, argued that the property's RV of £67,000 (£280/m2) was excessive and should be reduced to £57,000 (£240/m2), citing the economic downturn in Port Talbot following the Tata Steel job losses and falls in value of other retail park properties. The appellant also presented rental evidence from nearby drive-thru restaurants. The Valuation Officer contended that drive-thru restaurants form a distinct market class with their own evidence base, and provided rental evidence from comparables showing values between £266.50 and £345/m2, with market growth between the 2010 and 2017 lists. The tribunal accepted the VO's approach regarding the comparable evidence and disregarded certain properties where factual inaccuracies in size had been identified. The tribunal allowed the appeal in part, reducing the RV to £64,500 (£267/m2), finding the VO's revised valuation persuasive whilst the appellant's comparison to retail warehouse falls and general economic conditions were insufficient to support a larger reduction.

Summary generated from the decision text and checked against it. The appellant was Demipower 2017 Ltd, represented.

Grounds argued

• Comparable assessments (tone)
• Change of circumstances

Change of circumstances

job losses

Evidence

Rents, Settled assessments

Cases cited

Lotus & Delta v Culverwell (VO) and Leicester City Council; Ladies Hosiery and Underwear Ltd v Middlesex Assessment Committee; Urban and Civic v M J Dunlevey (VO)

Hearing

13 November 2020

Similar decisions

• The Dillwyn Arms, Herbert Street, Pontardawe, Swansea, SA8 4EB — Allowed, 7 Dec 2018

All decisions in Neath Port Talbot ·