Magnum Storage – Saved £146,500 a 78% rates reduction
A former office block in Haverton Hill, Stockton on Tees extending to almost 54,000 sq ft was recently converted to provide self-storage solutions of all sizes.
The client had attempted to appeal their rates without success and after a recommendation gave us a call.
Using our experience and knowledge we amended and improved their initial application and represented them against the Valuation Office.
- Old rateable value: £186,500
- New rateable value: £40,000
- Rateable value saving: £146,500
- Percentage saving: 78%
- Refunded: £54,196 in 2019/2020
Dan Cass, General Manager
‘’We were trying to appeal ourselves and making no progress with the valuation office.
We were recommended Jonathan Weastell to take the appeal forward and he took control so that we could concentrate on our own business.
The result was excellent and exceeded our expectations. I would definitely recommend using Property Savings Group.’’
Jonathan Weastell, PSG
“A great case to work on and a fine example of how using rating specialists can uncover more savings than you expect. I had plenty of experience from when I used to act for one of the country’s leading storage and removals providers and I had dealt with a couple of multi level storage facilities in the North.
It took knowledge of the area and the use of relevant comparisons to achieve the right valuation.
I was delighted that we successfully negotiated a reduction from £186,500 to £40,000, saving an amount that will have a huge impact for the business.”
