VA98.3.036 – Donal O’Donovan (Oldcourt Boats) Ltd.

• Appeal Number: VA98.3.036
• Court: Valuation Tribunal
• Appellant: Donal O’Donovan (Oldcourt Boats) Ltd.

2

The relevant valuation history is that the subject was revised in 1997 and a valuation of £50

was placed on it. No change in the rateable valuation was made at the appeal stage.

A written submission prepared by Mr. James J. Crowley ASCS on behalf of the appellant was

received by the Tribunal on 12th day of July 1999. Mr. Crowley is a member of the firm

Keane Mahoney Smith, Auditors, Estate Agents, Valuers and Land Agents of 44 South Mall,

Cork. The written submission contended that a fair rateable valuation for the subject would

be £33.50.

A written submission prepared by Mr. Liam Cahill BA, Dip. P&D Economics a District

Valuer, on behalf of the respondent was received by the Tribunal on 30th June 1999. Mr.

Cahill has nineteen years experience in the Valuation Office. Mr. Cahill’s written submission

contained two comparisons, which are annexed to this judgment as Appendix I.

Mr. Cahill’s written submission set out the basis of his valuation as follows;

Valuation

Estimate of net annual value:

Buildings

Sq.ft. £1/sq.ft. £ N.A.V.

Canteen 300 1.00 300

Container/winch 624 1.00 624

Open shed 178 0.50 89

Workshop 1,800 1.50 2,700

Office portacabin 482 2.00 964

Storage yards excl. circulation 15,000 0.10 1,500

Add for pier, slipway, dock, pontoon

Estimated construction cost £100,000 decapitalise at 5% 5,000

Total estimated net annual value £11,177