Units 2-4, Deeside Retail Park, Chester Road East, Shotton, Deeside CH5 1SA
Retail Warehouse and Premises Decided 9 July 2019 683530648595/541NV10/2 Valuation Tribunal for Wales CBRE
Figures are as stated in the decision, and are values in the 2010 list; a dash means the document does not state that figure.
What was argued and what the tribunal found
The appellant contended that the appeal property occupied the least prominent position on Deeside Retail Park, with poor visibility from the main road, and that the July 2010 rent of £93,055 per annum should be adjusted back to the April 2008 valuation date to derive a tone of £60/m2. The Valuation Officer relied on an established tone of £100/m2 derived from settlements on comparable units on the park. The tribunal allowed the appeal in part, finding that although an established tone existed, the appeal property's poor position had not been sufficiently reflected in the VO's valuation. The tribunal adopted a tone of £90/m2 as more fairly reflecting a rental bid, resulting in a rateable value of £163,000.
Summary generated from the decision text and checked against it. The appellant was B&M Retail Ltd, represented.
Grounds argued
- Comparable assessments (tone) · decisive
- Zoning or layout
- Evidence
- Rents, Settled assessments, Photographs
- Cases cited
- Robinson Bros (Brewers) Ltd v Houghton and Chester-le-Street Assessment Committee; Lotus and Delta Ltd v Culverwell; Lamb (VO) v Go Outdoors Ltd
- Hearing
- 19 June 2019
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