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Tribunals · London Borough of Merton · 2017 rating list

Unit 220, Centre Court Shopping Centre, SW19 8ND

Shop and premises Decided 2 July 2024 CHG100746942 BNP Paribas Real Estate / Montagu Evans

OutcomeAllowed in partThe tribunal reduced the rateable value, but by less than the ratepayer sought.
Original RV · 2017 list—
Ratepayer sought—
VO conceded first—
Tribunal decided£62,500from 13 Jul 2020

Figures are as stated in the decision, and are values in the 2017 list; a dash means the document does not state that figure. This judgement decided 13 properties together; the figures above are for this appeal's property (Unit 220, Centre Court Shopping Centre, London SW19 8ND). Every property is listed below.

The 13 properties in this decision

One judgement covered all of these appeals. Each property’s figures as the judgement states them (2017 list); this appeal’s property is highlighted.

The properties covered by this tribunal decision, with the figures it states for each
PropertyOriginal RVSoughtTribunal decidedOutcome
Unit 303-304, Centre Court Shopping Centre, London SW19 8ND——£52,000Allowed in part
Unit 115, Centre Court Shopping Centre, London SW19 8ND———Dismissed
Unit 225, Centre Court Shopping Centre, London SW19 8ND——£54,500Allowed in part
Unit 306, Centre Court Shopping Centre, London SW19 8ND——£12,800Allowed in part
Unit 113, Centre Court Shopping Centre, London SW19 8ND——£83,000Allowed in part
Unit 202, Centre Court Shopping Centre, London SW19 8ND——£52,500Allowed in part
Unit 207, Centre Court Shopping Centre, London SW19 8ND——£41,500Allowed in part
Unit 231, Centre Court Shopping Centre, London SW19 8ND——£84,000Allowed in part
Unit 233, Centre Court Shopping Centre, London SW19 8ND——£86,500Allowed in part
Unit 220, Centre Court Shopping Centre, London SW19 8NDThis appeal——£62,500Allowed in part
Unit 212, Centre Court Shopping Centre, London SW19 8ND——£87,500Allowed in part
Unit 208, Centre Court Shopping Centre, London SW19 8ND——£102,000Allowed in part
Unit 213 to 214, Centre Court Shopping Centre, London SW19 8ND——£188,000Allowed in part

What was argued and what the tribunal found

The appellant sought a 7.5% allowance for the closure of Debenhams from Unit 115 (38% of the shopping centre) in February 2020, citing increased vacancy rates (46%) and reduced footfall (52% decline). The tribunal found the closure of the anchor store did impact trade and footfall, causing some subsequent unit vacations, but the proposed allowance was excessive given AFC Wimbledon's occupation of a unit by 13 July 2020 (the material day), which signified recovery. The tribunal allowed the appeals in part with a 5% reduction effective from 13 July 2020. Unit 115 itself was dismissed as it was the vacated Debenhams unit.

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
Rents, Settled assessments
Hearing
17 June 2024

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The tribunal’s decision in full

Download the PDF · Find it on valuationtribunal.gov.uk

Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.