Challenge

The 2010 Rateable Value for our client PDP Couriers had substantially increased from £80,500 to £120,000 in April 2010 due to the Valuation Office Agency applying a substantial increase in the cost per square metre for both office and warehouse space.

Solution

Using our extensive rental information resource, we provided the Valuation Office Agency with comprehensive rental evidence that resulted in an agreed reduction of the cost per square metre of workshop space in this Valuation Scheme from £154 to £84. This resulted in a new Rateable Value of £67,000 and total savings of £154,000 for the duration of the 2010 Revaluation.

Results

£154,000

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