Retail unit – Saved £20,000, a 100% reduction!
Our client Barsali Developments purchased a former blockbuster video retail unit in a suburb of Middlesbrough in 2019 with the intention of redevelopment.
Covid related issues have delayed progress however the business was still paying empty business rates to the tune of £20,000.
We submitted our case the Valuation Office and successfully reduced the RV to £0 going back 18 months.
- Old rateable value: £20,000
- New rateable value: £0
- Rateable value saving: £20,000
- Percentage saving: 100%
- Refund: £6,500 in 2019/2020
Barsali Developments
“I had instructed Property Savings Group to look at another property, when this new development came up in conversation.
The previous tenant had used the mandatory 3 months vacant rates and I thought I had to pay the vacant rates, but Jonathan said he would have a look at the case just in case.
PSG have surpassed my expectations and I would recommend anyone to have a review with them on all properties.’’
Jonathan Weastell, PSG
“This is a great example of how communication and keeping in touch can pay dividends!
Whilst looking at an alternative case for Barsali Developments they mentioned a retail unit they had bought for redevelopment in Middlesbrough. Despite the impact of COVID and associated restrictions their rateable value of £20,000 hadn’t changed.
I investigated and was able to make a successful appeal to have their rateable value reduced to zero – a critical saving at an important time for their investment.”
