Unit 113 Centre Court Shopping Centre, SW19 8ND
Shop and premises Decided 2 July 2024 CHG100746925 Montagu Evans - Ben Monk/BNP Real Estate
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 13 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellant contended that the closure of Debenhams (an anchor store occupying 37.8% of Centre Court Shopping Centre) in February 2020 constituted a material change of circumstances warranting a 7.5% reduction in rateable values. The tribunal found that Debenhams' departure as a key tenant did result in reduced footfall and trade, causing some further unit vacancies, but determined that the consequent economic decline was partially masked by the Covid-19 pandemic and e-commerce effects. The tribunal allowed the appeals in part, reducing the rateable values by 5% (rather than the 7.5% sought) to account for the anchor store closure, with effect from 13 July 2020 (when AFC Wimbledon subsequently occupied a vacant unit), disregarding the appellant's argument for an earlier effective date.
Summary generated from the decision text and checked against it. The appellant was Standard Life Assurance Ltd, represented.
Grounds argued
- Change of circumstances · decisive
- Change of circumstances
- anchor store closure
- Evidence
- Settled assessments, Trading accounts, Expert report
- Hearing
- 17 June 2024
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