National Westminster Bank Plc, 43 High Street, NN10 0QE
Bank and premises Decided 1 July 2024 CHG101061020 Cushman & Wakefield - Nicholas Walton
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, National Westminster Bank, argued that the opening and subsequent expansion of Rushden Lakes Shopping Centre constituted a material change of circumstances that should reduce the subject property's rateable value by 12.5%. The tribunal found that while the shopping centre opening was a potential material change of circumstances, the appellant provided no factual evidence demonstrating whether Rushden Lakes had any effect on Rushden town centre, either negative or positive, such as footfall figures, car park usage trends, or changes in unoccupancy rates over time. The tribunal dismissed the appeal as the appellant failed to discharge the burden of proof required to support their claim.
Summary generated from the decision text and checked against it. The appellant was National Westminster Bank Plc, represented.
Grounds argued
- Change of circumstances · decisive
- Change of circumstances
- opening and expansion of shopping centre
- Evidence
- None from the ratepayer
- Hearing
- 27 June 2024
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