Marshall Newbury Jaguar Land Rover, 77 Greenham Business Park, RG19 6HW

What was argued and what the tribunal found

The appellant argued that a newly built Jaguar Land Rover showroom should be valued at £170/m2 (RV £479,000) on the basis that the location was disadvantageous and that the property should be valued as a generic showroom capable of use by any manufacturer, citing the rebus sic stantibus principle. The tribunal found that the property's status as a modern state-of-the-art showroom for a high-end manufacturer justified the £180/m2 valuation, noting that conversion costs between such marques would exceed £250-400/m2, and that comparable newer showrooms were valued at £180/m2 or higher. The tribunal dismissed the appeal, accepting the Valuation Officer's £505,000 value.

Summary generated from the decision text and checked against it. The appellant was Marshall Motor Group, represented.

Grounds argued

• Comparable assessments (tone) · decisive
• Valuation method

Evidence

Settled assessments, Photographs, Expert report

Cases cited

Lotus and Delta v Culverwell; Ladies Hosiery v West Middlesex Assessment Committee; Williams v Scottish & Newcastle Retail Ltd and Allied Domecq Retailing Ltd

Hearing

16 August 2021