Lookers Newcastle Renault, Lookers Newcastle Renault, NE6 5XA
Car showroom and premises Decided 25 February 2025 CHG101086004 Knight Frank - Joanne Corney
Figures are as stated in the decision; a dash means the document does not state that figure.
What was argued and what the tribunal found
The appellant sought a reduction to £83,500 RV based on £85 per m², arguing the property was not comparable to primary showrooms and lacked passing trade. The tribunal upheld the VO's valuation of £88,500 at £90 per m², finding the property was a first-generation showroom with a 34-year presence on a main road with significant comparable rental evidence (Pulman VW, Sunderland) supporting the tone of value and tonal comparables demonstrating the valuation was reasonable and in line with similar units in the locality.
Summary generated from the decision text and checked against it. The appellant was Lookers, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Evidence
- Rents, Settled assessments
- Cases cited
- Lotus & Delta v Culverwell
- Hearing
- 29 January 2025
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