Sports Direct, 68-72 Abington Street, NN1 2AP
Decided 1 July 2024 CHG100767063 Colliers International
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 7 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants argued that the opening and subsequent expansion of Rushden Lakes Shopping Centre constituted a material change of circumstances affecting the hypothetical rental values of their retail properties in Northampton town centre. The tribunal found that Rushden Lakes fell within the same locality as the appeal properties and that the negative impact was physically manifest in the town centre (reduced pedestrian flow, customer numbers, and increased vacant shops). The tribunal allowed the appeals and reduced each property's rateable value by 7½%, the allowance previously agreed between the parties, with effect from 28 June 2019 when the shopping centre was expanded.
Summary generated from the decision text and checked against it. The appellant was Barclays Bank Plc, represented.
Grounds argued
- Change of circumstances
- Change of circumstances
- opening and expansion of out-of-town shopping centre
- Evidence
- None from the ratepayer
- Hearing
- 27 June 2024
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