Putney Bridge Rd, Putney
Challenge against value
On behalf of a client, the landlord of this building, I challenged level of value shown in the rating list.
The rateable value was in excess of the quoting rent, which was putting off potential tenants.
Liaising with the prospective tenant, a deal was agreed with them subject to the rateable value being reduced. I negotiated a reduction in Rateable Value of the retail unit from £182,000, to £101,000, saving c. £40,000pa, backdated to 1st April 2017.
Western Rd, Brighton
Challenge to delete
On behalf of a landlord client, I made a proposal to delete the assessment from the rating list.
My client took back a retail unit from the former tenant and stripped it back to shell. However, without a prospective tenant for all or part of the unit, the works had not progressed in more than a year.
I was able to demonstrate to the VOA the intention to continue the works and the assessment was deleted from the rating list backdated to the date the stripping back works commenced, removing the business rates liability altogether.
Ryde, Isle of Wight
Separating assessments
On behalf of a small occupier client, I made a proposal to split the existing assessment, into two separate assessments.
My client approached me because following the 2023 revaluation, they now had to pay business rates.
Because they did not use all of the leased space, I suggested an office was sub-let and split off from the main assessment. The result was two assessments less than £12,000, and eligible for 100% Small Business Rate relief.
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