Barclays, 8 Market Street, NN8 1AT
Decided 24 June 2024 CHG100884814 JLL
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 8 properties together; the figures above are for this appeal's property (8 Market Street, Wellingborough NN8 1AN). Every property is listed below.
The 8 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.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| 8 Market Street, Wellingborough NN8 1ANThis appeal | — | — | £68,000 | Allowed |
| 46 Cheese Lane, Wellingborough NN8 1EX | — | — | £37,250 | Allowed |
| 43 Spring Lane, Wellingborough NN8 1EY | — | — | £21,000 | Allowed |
| 22 Spring Lane, Wellingborough, NN8 1EY | — | — | £14,250 | Allowed |
| 54-55 Cheese Lane, Wellingborough NN8 1EX | — | — | £63,000 | Allowed |
| 21 Spring Lane, Wellingborough NN8 1EY | — | — | £4,900 | Allowed |
| 40 Market Street, Wellingborough NN8 1AA | — | — | £66,500 | Allowed |
| 8-11 Corn Lane, Wellingborough NN8 1EZ | — | — | £101,000 | Allowed in part |
What was argued and what the tribunal found
The appellants argued that assessments did not reflect the adverse effects of Rushden Lakes Shopping Centre opening in July 2017 and its expansion in June 2019, which drew footfall and revenue away from surrounding town centres. The tribunal found that the appeal properties fell within the same locality as Rushden Lakes (following precedent from earlier hearing), and agreed 10% reductions reflecting the material change of circumstances. The effective date for the reductions was set at 28 June 2019, being when Rushden Lakes 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
- anchor store closure
- Evidence
- Earlier tribunal decisions
- Hearing
- 12 June 2024
Similar decisions
- National Westminster Bank Plc, 43 High Street, NN10 0QE — Dismissed, 1 Jul 2024
- 21, Spring Lane, NN8 1EY — Allowed, 24 Jun 2024
- 43, Spring Lane, NN8 1EY — Allowed, 24 Jun 2024
- Poundland, 8-11 Corn Lane, NN8 1EZ — Allowed in part, 24 Jun 2024
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