40 Market Street, NN8 1AA
Retail premises Decided 24 June 2024 CHG101060381 Cushman & Wakefield
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 (40 Market Street, Wellingborough NN8 1AA). 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 1AN | — | — | £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 1AAThis appeal | — | — | £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 the assessments of eight retail properties in Wellingborough did not reflect the adverse effects of the opening of Rushden Lakes Shopping Centre in July 2017 and its expansion in June 2019, which had drawn footfall and revenue away from the town centre. The tribunal allowed seven appeals and allowed one in part with 10% reductions agreed between the parties, finding that Wellingborough fell within the same locality as Rushden Lakes as established in a prior tribunal decision, and that the material change of circumstances had occurred on 28 June 2019 (the date of the expansion).
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
- None from the ratepayer
- 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
All decisions in North Northamptonshire Council · Shops nationally
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