21, Spring Lane, NN8 1EY
Shop and premises Decided 24 June 2024 CHG100858555 Jones Lang LaSalle - Chris Pockett
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 8 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants submitted that the opening of Rushden Lakes Shopping Centre in July 2017, and its expansion in June 2019, had drawn footfall and revenue away from the subject properties in Wellingborough town centre, and that this material change of circumstances should be reflected by end allowances. The tribunal determined that Wellingborough fell within the same locality as Rushden Lakes (following an earlier tribunal decision on this point), and the parties had agreed 10% reductions in respect of the adverse effect of Rushden Lakes. The tribunal allowed the appeals with effect from 28 June 2019.
Summary generated from the decision text and checked against it. The appellant was Barclays Bank Plc, represented.
Grounds argued
- Change of circumstances · decisive
- Change of circumstances
- Rushden Lakes shopping centre opening and expansion
- Evidence
- Expert report
- Hearing
- 12 June 2024
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