Tribunals · Wales · Swansea · 2023 rating list

Unit 1A, Swansea Enterprise Park, Llansamlet, Swansea, SA7 9RF

Retail warehouse and premises Decided 28 September 2026 6855101414171/285NV23/2 Valuation Tribunal for Wales Ryan

OutcomeAllowedThe tribunal reduced the rateable value.

Original RV · 2023 list£203,000£100/m²

Ratepayer sought£154,000

VO conceded first—

Tribunal decided£154,000£90/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 from £203,000 to £154,000 (£90/m²), arguing that the property was overvalued at £100/m². The appellant relied on the adjusted rent passing at £89.72/m² plus a fit-out allowance and settlement evidence from comparable retail warehouse properties. The tribunal found that the analysed rent of £89.72/m² from the subject property provided the most reliable indicator of value, that the valuation officer had failed to provide clear quantifiable justification for the £100/m² rate, and that greater weight should be attached to the rent passing on the hereditament itself rather than wider comparable assessments.

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