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Tribunals · Wales · Newport · 2017 rating list

Frankie & Bennys, Newport Retail Park, Spytty Road, Newport. NP19 4QQ

Restaurant and Premises Decided 29 September 2021 693533528068/285NV17 Valuation Tribunal for Wales Colliers

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.
Original RV · 2017 list£83,500
Ratepayer sought—
VO conceded first—
Tribunal decided£83,500from 1 Apr 2017

Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 2 properties together; the figures above are for this appeal's property (Frankie & Bennys, Newport Retail Park, Spytty Road, Newport. NP19 4QQ). Every property is listed below.

The 2 properties in this decision

One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.

The properties covered by this tribunal decision, with the figures it states for each
PropertyOriginal RVSoughtTribunal decidedOutcome
Frankie & Bennys, Newport Retail Park, Spytty Road, Newport. NP19 4QQThis appeal£83,500—£83,500Dismissed
The Harvester, Newport Retail Park, Spytty Road, Newport. NP19 4QQ£93,000—£93,000Dismissed

What was argued and what the tribunal found

The appellant's surveyor argued that the tone of £230/m2 should be reduced to £185/m2 to reflect a material change of circumstances from the opening of Friars Walk and the arrival of five new restaurants. The appellant relied on rental evidence from Pizza Hut, Harvester, and Tiffins to support this. The tribunal found the rental evidence from Pizza Hut and Harvester, when properly analysed considering lease incentives and timing, supported the existing rate of £230/m2, and distinguished the Tiffins property as older, semi-detached, and requiring conversion. The tribunal dismissed the appeal and confirmed the rateable value of £83,500.

Summary generated from the decision text and checked against it. The appellant was The Restaurant Group (UK) Limited, represented.

Grounds argued

  • Change of circumstances
  • Rental evidence
  • Trading receipts (pubs, hotels)
Change of circumstances
Friars Walk opening - new restaurants
Evidence
Rents, Trading accounts
Cases cited
Lotus & Delta Ltd v Culverwell; Leicester City Council; Barnard & Barnard v Walker
Hearing
2 September 2021

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The tribunal’s decision in full

Download the PDF · Read it on valuationtribunalwales.net

Decision of the Valuation Tribunal for Wales, published at valuationtribunalwales.net and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.