Working as part of a multi-disciplinary team on the disposal of a 54,000 sq ft complex of derelict industrial buildings, our business rates experts were successful in securing a zero rateable value for this property in Frome, Somerset.
We were able to demonstrate that it would be uneconomic for the landlord to undertake repairs to the buildings and would be outweighed by the positive impact of the potential redevelopment of the site. We secured backdated rate savings going back over three years.
The site was subsequently sold to Mendip District Council for mixed use redevelopment.
Our building consultancy team provided Fire Reinstatement Cost Assessment advice in relation to the property together with cost advice in support of the rates re-assessment.
|2012 original rateable value||£91,500|
|2017 revised rateable value||£nil|