AN BINSE LUACHÁLA
VALUATION TRIBUNAL
AN tACHT LUACHÁLA, 1988
VALUATION ACT, 1988

Allied Irish Bank, Carrigaline APPELLANT
and
Commissioner of Valuation RESPONDENT

RE: Bank at Map Ref: 19Ad, Townland of Carrigaline West,
Carrigaline Ward, R.D. Cork Rural, Co. Cork
Ratio - Cork

B E F O R E
Paul Butler S.C. (Acting Chairman)
Mary Devins Solicitor
Joe Carey P.C. M.I.A.V.I.

JUDGMENT OF THE VALUATION TRIBUNAL
ISSUED ON THE 10TH DAY OF FEBRUARY, 1994

By Notice of Appeal dated the 29th of October, 1992 the appellant appealed against the determination of the Commissioner of Valuation in fixing a Rateable Valuation of £100.00 on the above described hereditament.

The grounds of appeal as set out in the Notice of Appeal are that:-
"(1) The valuation is excessive and inequitable.
(2) The valuation is bad in law."

The Property
The property consists of a single storey bank premises located in the town of Carrigaline. Accommodation includes public office, managers office, storage room, stores, kitchen and toilets. An ATM machine was installed recently. The property is held freehold.

Valuation History
The property was first valued in 1977 at £68.00. In 1991 the valuation was revised at the request of Cork County Council and the R.V. was increased to £110.00. This figure was appealed and was reduced to £100.00 at First Appeal.

Written Submissions
A written submission was received on the 18th October, 1993 from Mr. Desmond M. Killen, F.R.I.C.S., I.R.R.V. of Donal O'Buachalla & Company Limited on behalf of the appellant. A written submission was also received on the 13th October, 1993 from Mr. Peter Conroy, District Valuer with 20 years experience in the Valuation Office on behalf of the Respondent.

These written submissions are appended to this judgement as Appendix A.

Oral Hearing
Prior to the oral hearing it was agreed that the determination of the Tribunal in Appeal No. VA92/6/029 - M.F. Kent & Company in relation to the appropriate ratio to be applied to N.A.V. would apply to this appeal.

Accordingly, on the issue of the ratio to be applied to N.A.V. the Tribunal determines that the correct fraction to be applied to the agreed N.A.V. of £16,000 is 0.5%.

The Tribunal accordingly determines the rateable valuation on the subject premises at £80.00.