Tribunals · North Northamptonshire Council · 2017 rating list

1A Queen Square, NN17 1PD

Bank and Premises Decided 10 June 2024 CHG100884846 Jones Lang LaSalle

OutcomeMixed
Original RV£56,500
Ratepayer sought—
VO conceded first£53,500−5% before the hearing
Tribunal decided£53,500from 28 Jun 2019

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

Barclays Bank PLC appealed the rateable values of its Bank and Premises properties in Kettering and Corby, arguing that Rushden Lakes Shopping Centre's opening and expansion represented a material change of circumstances affecting trade in the town centres. The tribunal determined that Rushden Lakes fell within the locality of the Kettering properties and allowed a 5% reduction (rather than the 15% sought) with effect from 28 June 2019, but dismissed the Corby appeal as the appellant did not pursue it. The tribunal rejected the Valuation Officer's narrow interpretation of "locality" and found that out-of-town retail parks can fall within the catchment area of town centre shops for valuation purposes.

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
opening and expansion of Rushden Lakes Shopping Centre
Evidence
Photographs, Expert report
Cases cited
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); Merlin Entertainments Group Ltd v Cox (Valuation Officer); GPS (Great Britain) Ltd v Bird; Gardiner & Theobald LLP v David Jackson (VO); Gallagher (VO) v Church of Jesus Christ of Latter-day Saints; Stena Line Ltd v Valuation Officer; Vistra Expansion and Others v Bunyan (VO)
Hearing
29 May 2024

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