Barclays Bank plc, Market Place, NN16 0AH
Bank and Premises Decided 10 June 2024 CHG100884839 Jones Lang LaSalle
Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 4 properties; the figures shown are for the first listed.
What was argued and what the tribunal found
The appellants argued that the opening and expansion of Rushden Lakes Shopping Centre constituted a material change of circumstances affecting the rateable values of retail units in Kettering and Corby town centres, and sought allowances of 15%. Following a preliminary determination that Rushden Lakes fell within the locality of the appeal properties, the Valuation Officer conceded 5% allowances for the Kettering properties. The tribunal found the existing valuations unreasonable and allowed the Kettering appeals in part at the 5% conceded figure, reducing three entries by 5% with effect from 28 June 2019, but dismissed the Corby appeal on the basis that no allowance had been conceded by the VO for that property.
Summary generated from the decision text and checked against it. The appellant was Barclays Bank PLC and Poundland Limited, represented.
Grounds argued
- Change of circumstances
- Change of circumstances
- out of town retail park expansion
- Evidence
- Expert report, Photographs
- Cases cited
- GPS (Great Britain) Ltd v Bird; Merlin Entertainments Group Ltd v Cox (VO); K Shoe Shops Ltd v Hardy (VO) and Westminster CC; Morton (VO) v Synor Electronics Ltd; Shearson Lehman Brothers Ltd v Humphreys (VO); Jafton Properties Ltd v Prisk (VO); Gallagher (VO) v Church of Jesus Christ of Latter-day Saints; Stena Line Ltd v Valuation Officer
- Hearing
- 29 May 2024
Similar decisions
- National Westminster Bank Plc, 43 High Street, NN10 0QE — Dismissed, 1 Jul 2024
- Poundland, 8-11 Corn Lane, NN8 1EZ — Allowed, 24 Jun 2024
- 43, Spring Lane, NN8 1EY — Allowed in part, 24 Jun 2024
- 21, Spring Lane, NN8 1EY — Allowed, 24 Jun 2024
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