Tribunals · Wales · Powys · 2017 rating list

Shop and Premises, Pantydwr Stores, West Street, Rhayader, LD6 5AB

Shop and Premises Decided 4 April 2019 695029539863/192NV17/21 Valuation Tribunal for Wales

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV · 2017 list—

Ratepayer sought£4,200

VO conceded first—

Tribunal decided£8,100£125/m²

Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure.

What was argued and what the tribunal found

The appellant challenged the rateable value of £8,100, arguing that the property's location at the tail end of the commercial street and marketing difficulties since November 2016 justified a reduction to £4,200. The appellant submitted historical rental evidence (£350–£750 per month) and a letter from the letting agent confirming the property's poor commercial positioning. The tribunal found that the statutory definition of rateable value requires the property to be valued as vacant and to let, and that an individual occupier's trading circumstances cannot be considered. The tribunal was persuaded by the Valuation Officer's evidence of a zone A rate of £125/m2 (reflecting the property's poorer location compared to £140/m2 for better-located properties) and by the passing rent of £9,000 per annum achieved in July 2015, which exceeded the rateable value. The appeal was dismissed.

Summary generated from the decision text and checked against it. The appellant was an individual ratepayer, unrepresented.