Cavern City Tours

Home / Property / Our work / Cavern City Tours

Challenge

The 2017 Rateable Value issued by the Valuation Office Agency was significantly higher than the 2010 Rateable Value and Altus Group was instructed by Cavern City Tours to reduce this valuation.

Solution

The Cavern Club is quite unique in nature and so the property valuation for business rates is very subjective. Our Manchester based Business Rates Team successfully convinced the Valuation Office to review the percentage of trade figures applied to the calculation of the 2017 Rateable Value particularly in the trade categories of food and drink, merchandise, venue hire and ticket sales. After extensive negotiation, the Valuation Office agreed to reduce these percentages and this resulted in the generation of substantial savings for the club due to a large reduction in the Rateable Value.

Results

£145,000 Savings

Services provided

Whatever your property requirements, we can help. Altus Group Corporate Real Estate solutions tailored to your business.

Rates appeals

We can help you save money on your business rates. Check if you are paying the correct amount before launching an appeal.

Rates relief

You may be eligible for local or national business rates relief.

Rates audit

A business rates audit could enable you to recover business rates refunds going back many years and over multiple revaluations.

Empty rates

If you pay business rates on a vacant property, we can help you significantly reduce or remove your business rates liability.