Appeal No. VA95/1/015
AN BINSE LUACHÁLA
Wexford Marts Limited APPELLANT
RE: Cornmill disused, grainstores and yard at Map Ref:
B E F O R E
JUDGMENT OF THE VALUATION TRIBUNAL
By Notice of Appeal dated the 7th day of April 1995 the appellant appealed against the determination of the Commissioner of Valuation in fixing a rateable valuation £50 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
At hearing on 26th day of September 1995, Ms. Sheelagh O'Buachalla submitted an amended valuation on the subject premises as follows:
Agreed floor area of 6,753 sq.ft. at 80p = £5,402 = RV £27.
A written submission was received on the 14th day of September 1995 from Mr. Philip Colgan, District Valuer with 27 years experience in the Valuation Office on behalf of the respondent.
In his written submission he described the property as set out above and its valuation history. He said that the buildings were more than suitable for what they were originally designed and built for i.e. the storage of grain. He said that they were structurally sound and likely to remain so for many years to come. There was no sign of deterioration or obsolescence when he inspected them and they were full to capacity with grain. The buildings have prestressed floors and walls and up to 30 foot roof height making them very suitable for modern loading machinery.
Mr. Colgan set out his calculation of the rateable valuation on the stores as follows:-
Grain Stores - 6,572 sq.ft. @ £1.50psf = £10,130
The hearing of the appeal proceeded contemporaneously with the hearing of the appeal in VA95/1/014 as the subject premises was part of the complex to which VA95/1/014 related. The evidence of Ms. O'Buachalla was that the valuation should be £27. Having regard to the reasons stated in the judgment in VA95/1/014 and having regard to the fact that the appellant conceded that the subject was of somewhat better quality than the buildings in VA95/1/014 the Tribunal fixes a valuation thereon of £40.