Tribunals · Wales · Caerphilly · 2023 rating list

Unit 2A, Parkway Pen-y-fan Industrial Estate

Warehouse and premises Decided 6 May 2026 6920101260058/285NV23/2 Valuation Tribunal for Wales Ryan

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.

Original RV · 2023 list£211,000£38.5/m²

Ratepayer sought—

VO conceded first£200,000−5% before the hearing

Tribunal decided£193,000£35.2/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's surveyor argued that the original RV of £211,000 (£38.50/m2) was over-assessed and should be reduced to £186,000-£188,000 (£34/m2), contending that the rent should be analysed over three years to the break point (which the appellant initially believed was penalty-free), the full six-month rent-free period should be allowed, and comparable properties justified a 7.5% age uplift rather than 10%. The Valuation Officer revised to £200,000 (£36.50/m2) during negotiations and later proposed £193,000 (£35.20/m2), arguing that the penalty on the break clause meant the rent should be analysed over the full five-year term and that a 10% uplift was justified given the property's 2020 construction date. The Tribunal allowed the appeal in part, accepting the VO's analysis of rent over the full five-year term and the 10% uplift, but reducing the RV to £193,000.

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