Retail Warehouse and Premises, Unit 4 Pensarn Retail Park, Stephens Way, Pensarn, Carmarthen, SA31 2BG

What was argued and what the tribunal found

The appellant sought reduction of the appeal property's rateable value from £55,000 to £41,500 (£90/m²), arguing it was overvalued compared to other units on the retail park. The appellant relied on comparable rents and evidence that most estate units were valued at £90/m², but the Valuation Officer demonstrated that a tone of value had been established with the more modern units including the subject property assessed at £110/m², supported by the property's passing rent analysis which yielded £133/m² when properly adjusted. The tribunal dismissed the appeal, finding the unit rate of £110/m² fair and the current assessment of £55,000 correct.

Summary generated from the decision text and checked against it. The appellant was Dreams Limited, represented.

Grounds argued

• Comparable assessments (tone)
• Rental evidence

Evidence

Rents, Settled assessments, tone_of_list_comparables

Cases cited

Ladies Hosiery and Underwear Limited v West Middlesex AC; Lotus and Delta v Culverwell; K Shoe Shops Limited v Hardy; Oldschool & Oldschool v Coll; Vines Ltd v de Mauny; BPP Holdings Limited v Revenue and Customs Commissioners; Telereal Trillium v K Hewitt

Hearing

20 March 2025

Similar decisions

• Shop and Premises, Co-Op, Cross Hands Business Park, Cross Hands, Llanelli, SA14 6RB — Allowed in part, 3 Nov 2021
• Sids Supermarket, 9B Heol Bryngwili, Cross Hands, Llanelli SA14 6LR — Dismissed, 27 Jul 2021
• Unit 1 Cross Hands Shopping Centre, The Square, Cross Hands, Llanelli SA14 6NT — Allowed in part, 12 Apr 2021
• Spar, 1-3 Water Street, Kidwelly SA17 5BX — Dismissed, 11 Nov 2020

All decisions in Carmarthenshire ·