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 to reduce the rateable value to £0, contending the property was beyond reasonable economic repair, requiring approximately £1.8 million in works. The tribunal found that while the property was in poor condition, there was evidence of comparable offices in occupation at the valuation date and that the property had been let in 2016, contradicting claims of obsolescence. The tribunal concluded that a hypothetical landlord could undertake some repairs and accept a reduced rent, and that the Valuation Officer's allowance of 10% for condition was appropriate; the appeal was dismissed and the entry remained at £99,500.
Summary generated from the decision text and checked against it. The appellant was CEPF II Meteor Investments S.A.R.L., represented.
Grounds argued
- State of repair or deletion
- Valuation method
- Evidence
- Measurement survey, Expert report, Settled assessments
- Cases cited
- Brighton Marine Palace & Pier Co v Rees (VO) [1961]; Thomas & Davies (Merthyr Tydfil) Ltd v Denly (VO) [2014]; Telereal Trilium v Hewitt (VO) [2019]
- Hearing
- 9 November 2021
Similar decisions
- Offices and Premises, 21 Grosvenor Road, Wrexham, LL11 1BT — Dismissed, 16 Aug 2023
- 1st Floor Office1 at Unit 12, Ash Road, Industrial Estate, Wrexham, LL13 9JT — Dismissed, 15 Mar 2019
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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.