Ideal Unit 2, Glanyrafon Industrial Estate, Llanbadarn Fawr, Aberystwyth, SY23 3JQ
Warehouse with a retail element Decided 3 December 2025 6820101219450/285NV23/1 Valuation Tribunal for Wales Ryan
Figures are as stated in the decision, and are values in the 2023 list; a dash means the document does not state that figure.
What was argued and what the tribunal found
The appellant, represented by a surveyor, challenged the 2023 list RV of £31,750 (£40/m²), proposing £24,250 (£30/m²) based on three combined comparable properties negotiated as a single lease. The Valuation Officer maintained the assessment was fair and reasonable, applying a base rate within the scheme for industrial properties at the estate. The tribunal found that the appellant's comparables, being of different types and requiring significant adjustment, carried less weight than the Valuation Officer's evidence and confirmed the existing assessment at £31,750.
Summary generated from the decision text and checked against it. The appellant was Wynnstay Group Plc, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone)
- Evidence
- Rents, Settled assessments
- Cases cited
- Bunyan (VO) v Acenden Ltd; Fir Mill Ltd v Royston UDC; Williams (VO) v Scottish Newcastle Retail Ltd; Lotus and Delta v Culverwell; Lamb (VO) v Go Outdoors Limited; Telereal Trillium v Hewitt (VO); Barnard & Barnard v Walker (VO); Lamb v Minards (VO); Specialeyes Plc v Felgate (VO); Vines Ltd v de Mauny (VO); Stena Line Limited v VO; Barclays Bank PLC Poundland Limited v Jo Moore (VO)
- Hearing
- 13 November 2025
Similar decisions
- Unit 2, Glanyrafon Industrial estate, Llanbadarn Fawr, Aberystwyth, SY23 3JQ — Dismissed, 14 Mar 2019
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