Tribunals · Wales · Cardiff · 2023 rating list

Princes Trust 16, Ocean Way, Splott, Cardiff, CF24 5PE

Two-storey office building and premises Decided 19 December 2025 6815101223023/285NV23/1 Valuation Tribunal for Wales Ryan

OutcomeDismissedThe appeal failed, leaving the value at the figure the Valuation Officer had already conceded.

Original RV · 2023 list£57,500£102.5/m²

Ratepayer sought£44,750

VO conceded first£50,000−13% before the hearing

Tribunal decided£50,000£80/m²

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 property's rateable value by submitting rental evidence from comparable office properties within the local scheme, arguing for a unit rate of £70/m² and an RV of £44,750 compared to the Valuation Officer's valuation of £50,000 (£80/m²). The tribunal found that the comparable properties analysed to rates between £66/m² and £117/m², and having regard to the size of the appeal property (564.75m² ITMS) and the proximity of comparable rents to the antecedent valuation date, determined that the Valuation Officer's adopted rate of £80/m² was reasonable and fair. The appeal was dismissed.

Summary generated from the decision text and checked against it. The appellant was The Prince's Trust, represented.