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Tribunals · London Borough of Merton · 2017 rating list

Unit 202 Centre Court Shopping Centre, The Broadway, SW19 8ND

Retail store and premises Decided 2 July 2024 CHG100746972 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£52,500from 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 202, 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 8NDThis appeal——£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 8ND——£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 contended that the closure of Debenhams (a major anchor store occupying 37.8% of the Centre Court Shopping Centre) from February 2020 was a material change of circumstances warranting a 7.5% reduction in rateable values. The tribunal found that whilst Debenhams' departure did justify an allowance due to its impact on footfall and trade, the 7.5% reduction was excessive because a subsequent positive material change occurred when AFC Wimbledon occupied a unit on 13 July 2020, demonstrating renewed market interest. The tribunal determined a 5% reduction was fair and reasonable, with an effective date of 13 July 2020 (when the second material change occurred), not 1 February 2020 as sought by the appellant.

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, Expert report
Hearing
17 June 2024

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The tribunal’s decision in full

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

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