Appeal No. VA97/2/008
AN BINSE LUACHÁLA A.I.B. Bank, Ballysimon APPELLANT RE: Bank at Map Ref: 6W, Newcastle, ED: Ballysimon,
RD: Limerick 1, Co. Limerick B E F O R E JUDGMENT OF THE VALUATION TRIBUNAL By Notice of Appeal dated 11th April 1997 the Appellant appealed against the determination of the Commissioner of Valuation in fixing a rateable valuation of £125 on the above described hereditament. The grounds of appeal as set out in the Notice of Appeal are that: The Property On first floor, accommodation comprises three offices, staff canteen and staff toilets. Part of the adjoining grounds have been developed to provide a private tarmac surfaced car parking area of eighteen spaces for staff/customers. Valuation History A written submission was received on 26th September 1997 from Ms. Sheelagh
O'Buachalla B.A., an Associate of the Society of Chartered Surveyors and
a Director of Donal O'Buachalla & Company Limited. In her written
submission she described the premises and set out its valuation history.
Ms. O'Buachalla assessed rateable valuation on the subject premises as
follows: In support of her assessment Ms. O'Buachalla provided the Tribunal with five comparisons of banks, two in similar locations to the subject, and three in Limerick city locations: 1. Ulster Bank, 10V, Newcastle, ED: Ballysimon 2. Bank of Ireland, Dooradoyle, 2fa, Gouldavoler, ED: Ballycummin 3. A.I.B. Bank, 9,10,11 Upr William St., Limerick 4. Cork & Limerick Savings Bank, 8b, Sarsfield St, Limerick 5. Trustee Savings Bank, 2A, Glentworth Street A written submission was received from Mr. Shay Alyward, District Valuer on 24th September 1997 on behalf of the Respondent. In his written submission he described the subject premises, commented on the appellant's grounds of appeal and set out the valuation history. Mr. Alyward assessed rateable valuation on the subject premises as follows: G.F. Banking hall/manager's office 1,083 sq.ft. @ £ 16.00/sq.ft.
= £17,328 Take 0.5% = £133.23 But say R.V. £125.00 In support of his valuation Mr. Alyward supplied the Tribunal with three comparisons of banks in similar locations summarised below: 1. A.I.B. Bank, Newcastle 2. Bank of Ireland, Sreelane (University of Limerick Campus) 3. Ulster Bank Ltd., Newcastle The Oral Hearing of this appeal took place on 8th October 1997 in Limerick. The Appellant was represented by Ms. Sheelagh O'Buachalla and the Respondent was represented by Mr. Shay Alyward. Both witnesses gave sworn evidence to the Tribunal and in their sworn testimony adopted their written submissions as their evidence to the Tribunal. The Tribunal has taken into account the evidence presented to it at the
oral hearing. Based on this evidence the Tribunal is of the opinion that
the Valuation of the Ulster Bank at Newcastle is the most persuasive comparison
as it is adopted by both parties. The Tribunal has also taken into consideration the increased area of the banking hall in the premises the subject of the appeal. In relation to same, the Tribunal considered an allowance as to quantum. However, the Tribunal decided that the increase in area was insufficient to justify such an allowance. The other areas under appeal in the premises are, in the view of Tribunal, fairly assessed by the Commissioner of Valuation. Accordingly the Tribunal affirms the valuation at RV £125.
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