Tribunals · Wales · Cardiff · 2023 rating list

503 Newport Road, Cardiff, CF24 9AD

Retail warehouse Decided 11 May 2026 6815101287209/285NV23/1 Valuation Tribunal for Wales Ryan

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV · 2023 list£61,500£125/m²

Ratepayer sought£46,750

VO conceded first—

Tribunal decided£61,500£125/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 argued that the unadjusted rate should be reduced to £95/m² (RV £46,750) based on comparable rental evidence from nearby retail warehouse units and quantum principles applicable to smaller units. The VO contended that the original £125/m² was supported by comparables of similar size and location, noting that larger comparables operated in a different market segment. The tribunal dismissed the appeal, accepting the VO's evidence from units of broadly similar size and location, finding the appellant's comparables to be materially larger and thus reflecting different market conditions.

Summary generated from the decision text and checked against it. The appellant was Topps Tiles PLC, represented.