Tribunals · Wales · Swansea · 2017 rating list

12 Union Street, Swansea, SA1 3EF

Shop and premises Decided 20 May 2021 68553402146/285NV17 Valuation Tribunal for Wales

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

Original RV · 2017 list£36,750£600/m²

Ratepayer sought£24,000

VO conceded first£28,000−24% before the hearing

Tribunal decided£28,000£550/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 sought a reduction from £36,750 to £24,000, relying on an open market letting at £30,000 pa agreed in July 2014 with a rent-free period yielding a net effective rent of £24,000 pa, and evidence of lower lease renewals on Union Street. The Valuation Officer maintained a higher valuation, arguing the passing rent required adjustment as it was nine months before the antecedent date and citing comparable evidence and differential values between sides of the street. The tribunal allowed the appeal in part, accepting the VO's revised valuation of £28,000 (Zone A £550/m2) rather than the appellant's £24,000, finding the November 2014 rent on 21 Union Street and the settled differentials between the two sides of Union Street more compelling than the appellant's analysis, though acknowledging the scarcity of directly comparable rental evidence in the location.

Summary generated from the decision text and checked against it. The appellant was an individual ratepayer, represented.