Tribunals · Newcastle City Council · 2023 rating list

Office, 1-3 Hotspur Way, NE1 7XR

Shop and premises Decided 13 July 2026 CHG101119193 Dunlop Heywood - Adam Brooke/Dunlop Heywood - Joseph Slater

OutcomeDismissedThe appeal failed, leaving the value at the figure the Valuation Officer had already conceded.

Original RV£85,000£1400/m²

Ratepayer sought£44,000

VO conceded first£57,500−32% before the hearing

Tribunal decided£57,500£950/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 3 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellant challenged the Zone A prices for three retail units in Eldon Square Shopping Centre, proposing £700-£850 per m2 based on rental evidence which they argued supported lower valuations than the listed £1,400 per m2. The Valuation Officer had already reduced the price to £950 per m2 before the tribunal hearing. The tribunal considered rental evidence ranging from £714 to £1,280 per m2, giving limited weight to turnover and occupancy-cost deals as they do not conform with the rating hypothesis. The tribunal found the £950 per m2 price reasonable given the subject properties' central location within the shopping centre, consistent with agreed prices for adjacent malls and supported by sufficient rental evidence at or above that level.

Summary generated from the decision text and checked against it. The appellant was INTU ELDON SQUARE LTD, represented.