Challenge

Bunzl’s occupancy at Agecroft Commerce Park in Swinton, Manchester initially consisted of two adjacent modern logistics warehouses with a total size in excess of 26,000 square metres. Each warehouse was operated by a different Bunzl subsidiary and both had independent access including office space. However, they were still adjacent to each other and only separated by a fence.

Solution

Following our instruction for the 2010 Revaluation, Altus Group dealt with the Specialist Rating Unit (SRU) at the Valuation Office (VO) and persuaded the SRU that there should be only one unit of assessment which should be valued in line with Regional Large Distribution Warehouses. The successful merger and reduction was actioned via a VO Notice on the 2005 and 2010 lists.

Results

£225,000 Savings

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