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 (Unit 20, 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.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| Unit 20, Newport Retail Park, Spytty Road, Newport. NP19 4QQThis appeal | £88,500 | — | £88,500 | Dismissed |
| Unit 21, Newport Retail Park, Spytty Road, Newport. NP19 4QQ | £75,000 | — | £75,000 | Dismissed |
What was argued and what the tribunal found
The appellant sought valuation at £230/m2 to reflect the opening of Friars Walk (a material change of circumstances) and to align with comparable restaurant premises. The tribunal applied the hierarchy of evidence from Lotus & Delta Ltd v Culverwell, finding that the rent passing on the appeal properties (£318.89/m2) and comparable rent evidence from Nandos (£346.66/m2) both supported the £300/m2 rate applied. The tribunal found the appeal properties were superior to southern comparables being newly constructed and better located, and rejected arguments based on relativities with the 2010 list as the properties did not exist then. Appeals dismissed.
Summary generated from the decision text and checked against it. The appellant was Pizza Express (Restaurants) Limited, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Change of circumstances
- Change of circumstances
- opening of Friars Walk
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus & Delta Ltd v Culverwell
- Hearing
- 2 September 2021
Similar decisions
- Unit 1, Newport West Food Park, Port Road, Newport NP20 2SA — Dismissed, 24 Jul 2023
- Frankie & Bennys, Newport Retail Park, Spytty Road, Newport. NP19 4QQ — Dismissed, 29 Sept 2021
- Public House and Premises, Masons Arms, 10 St Mellons Road, Marshfield, Cardiff, CF3 2TX — Dismissed, 7 Feb 2020
- Public House and Premises, The Friendly Fox, 33 Caerphilly Road, Bassaleg, Newport, NP10 8LW — Dismissed, 7 Feb 2020
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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.