Tribunals · London Borough of Richmond upon Thames · 2017 rating list

7-8 George Street, TW9 1JY

Bank and Premises Decided 13 March 2025 CHG100932415 Jones Lang LaSalle

OutcomeDismissedThe appeal failed and the rateable value was left unchanged.

Original RV£243,000

Ratepayer sought—

VO conceded first—

Tribunal decided£243,000from 20 Sept 2020

Figures are as stated in the decision; a dash means the document does not state that figure.

What was argued and what the tribunal found

The appellant contended that the closure of House of Fraser anchor store on 20 September 2020, located opposite the subject bank property on George Street, Richmond, constituted a material change of circumstances justifying an end allowance (ultimately revised to 5% of £243,000). The tribunal found insufficient evidence of impact on trade, footfall, or vacancy rates to substantiate a reduction, and determined that Richmond's status as an affluent, resilient town with strong independent retail outlets and the presence of another anchor store (Marks & Spencer) meant any negative impact was negligible. The appeal was dismissed with the RV remaining at £243,000.

Summary generated from the decision text and checked against it. The appellant was Barclays, represented.