GovWire

List description: Residual Mall Assessment

Primary description code: CX

SCAT code: 710

SCAT suffix: G

Bulk Class: S

3.1 The Large Shops (non food) Class Co-ordination Team (CCT) has overall responsibility for the co-ordination of this class. Each Regional Valuation Unit (RVU) has a representative on the team. The team is responsible for the approach to and the accuracy and consistency of residual malls.

4.1 RVU will be responsible for referencing, gathering facts and valuation.

4.2 The Large Shops (non food) CCT will deliver practice notes describing the valuation basis for revaluation and provide advice as necessary during the life of the rating lists. Caseworkers have a responsibility to:

• follow the advice given at all times practice notes are mandatory
• not depart from the advice given on appeal or maintenance work without approval from the CCT
• seek advice from the CCT before starting any new work

5.1 There is no specific legal framework in relation to this class of property.

6.1 Inspections should be carried out in accordance with the Valuation Office Agency Code of Practice. Arrangements for inspecting properties (non-domestic rating).

6.2 When inspecting a residual mall, property inspectors should record the following aspects:

• number of shops in the mall
• locations of the short-term lettings/events space. This maybe internal, external or both
• details of the types of commercialisations available in the residual mall space. For example, childrens rides, vending machines, photo booths, events space, parcel lockers, short term kiosks, seasonal activities/attractions
• note any advertising space run by the mall operator
• request copies of agreements and appropriate receipts for list year
• photographs of the main constituent parts of the site

6.3 An inspection checklist is appended to this section (Appendix 1). This should be completed for all new properties and updated for maintenance work. This should be stored in the property folder of the Electronic Document Records Management (EDRM) system.

7.1 Rating surveys should be captured on the Rating Support Application (RSA). Plans and surveys should be stored in the property folder of Electronic Document and Records Management (EDRM).

7.2 The national sub locations below should be used for data capture.

RMUA to be used for large shopping centres with a high proportion of short term/ transient lettings. These shopping centres will often have more than 100 units within them.

RMUB to be used for large shopping centres with a low proportion of short term/ transient lettings. These shopping centres will often have more than 100 units within them.

RMUC to be used for medium sized shopping centres with a high intensity of short term/ transient lettings. These shopping centres will often have up to 100 units within them.

RMUD to be used for medium sized shopping centres with a low proportion of short term/ transient lettings. These shopping centres will often have up to 100 units within them.

RMUE to be used for smaller shopping centres with high numbers of short-term or transient lettings. These shopping centres will often have less than 50 shop units.

RMUF to be used for smaller shopping centres with low numbers of short-term or transient lettings. These shopping centres will often have less than 50 shop units.

7.3 The use code of SOV should be used to record the residual mall. Area/Units should be recorded as 1. Nothing should be recorded in other additions.

For example, to achieve aRateable Valueof 15,000

1 x SOV at 15,000 (unit price on address matrix) =RV15,000