Tribunals · London Borough of Merton · 2017 rating list

Unit 213-214, Centre Court Shopping Centre, SW19 8ND

Shop and premises Decided 2 July 2024 CHG100747010 BNP Real Estate/Montagu Evans - Ben Monk

OutcomeMixed

Original RV—

Ratepayer sought—

VO conceded first—

Tribunal decided£52,000from 13 Jul 2020

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 sought an allowance of 7.5% for the material change of circumstances caused by the closure of Debenhams (a major anchor tenant occupying 37.8% of the centre) in February 2020, citing reduced footfall and increased vacancy rates. The tribunal found that whilst Debenhams' departure did impact footfall and trade at the centre, the effect was masked by Covid-19 pandemic factors and the subsequent occupation by AFC Wimbledon in July 2020. The tribunal allowed the appeals in part, reducing valuations by 5% (rather than the 7.5% sought) with effect from 13 July 2020, finding this fair and reasonable given the offsetting positive factor of AFC Wimbledon's arrival. The appeal relating to Unit 115 (the Debenhams unit itself) was dismissed.

Summary generated from the decision text and checked against it. The appellant was Standard Life Assurance Ltd, represented.