A Place Called Common Ltd
This public house went into liquidation during the 2010 Revaluation and was acquired by A Place Called Common Limited. During the liquidation, the premises were refurbished and updated to form a restaurant/pub. The Valuation Office took the opportunity to review the 2010 Rateable Value increasing it from £39,500 to £54,000.
As a public house, the rating assessment is based on a percentage of gross receipts but as the Valuation Office had no actual trade figures to use, it assumed a level of trade that the Manchester based Business Rates team felt was unjustified on review. We discussed the limited available trade and the level of assessment applied to other comparable venues in the locality and as a result the Valuation Office reduced the assessment to £47,000 which generated £17,000 of savings for the client.
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