Property Ratings Success in Basford for NG
15th January 2013
In 2010, NG Chartered Surveyors sold a 25,000 sq ft former Maltings building on Radford Road, Basford to a neighbouring occupier, Dovetail Wood, to enable them to expand their operation.
Whilst the acquisition of the property has proven to be a success for the joinery company, the disproportionately high business rates payable on the premises were impacting upon profitability. Thus, Jonathon Seddon of NG Chartered Surveyors, was appointed by the business owner, Wayne Simpson, to appeal the business rates, as his own efforts had proven unsuccessful.
An appeal was lodged and a reduction in excess of 30% of the original Rateable Value was successfully negotiated.
Jonathon commented “Whilst there was a lot of bureaucracy to wade through in lodging the appeal and waiting for the Valuation Office Agency to be in a position to negotiate with me, I was pleased that the Case Officer accepted the evidence I was able to lay before him. The reduction in the Rateable Value will save my client a considerable amount of money over the period of the current Valuation List, which is great for him.”