Tribunals · Wales · Cardiff · 2023 rating list

Units 25 & 26. Neptune Court, Vanguard Way, Splott, Cardiff, CF24 5PJ

Two-storey office building with car parking Decided 19 December 2025 6815101258259/285NV23/2 Valuation Tribunal for Wales Ryan

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

Original RV · 2023 list£94,000£102.5/m²

Ratepayer sought£65,000

VO conceded first£75,000−20% before the hearing

Tribunal decided£75,000£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 sought a reduction in the rateable value from £75,000 (£80/m²) to £65,000 (£70/m²) and a reduction in the comfort cooling system allowance from 5% to 2.5%, arguing that comparable rental evidence supported a lower unit rate and that the property had a comfort cooling system rather than full air conditioning. The tribunal found that the comparable evidence, particularly the larger properties close to the Antecedent Valuation Date, supported the £80/m² rate adopted by the Valuation Officer as fair and reasonable, and dismissed the appeal for the comfort cooling allowance due to lack of documentation to confirm the system type and absence of a site visit to verify it.

Summary generated from the decision text and checked against it. The appellant was V12 Retail Finance Limited, represented.