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Rowland Jones negotiate rate reductions for clients

January 2013
Rowland Jones negotiate rate reductions for clients

Rowland Jones Chartered Surveyors have acted for a number of occupiers following the introduction of new rateable values in April 2010, with the result that many clients have received large refunds and reduced future rates bills. 

Following a series of lengthy discussions with the Valuation Office Agency, we were pleased to agree a reduction in the rateable value of the Sosban Restaurant in Llanelli during January 2013.  The restaurant, which won the AA Restaurant of the Year for Wales Award in September 2012, opened in July 2010 following a major refurbishment of a redundant industrial building.  The restaurant is part owned by Wales Rugby stars Stephen Jones and Dwayne Peel and food critic Simon Wright. The purchase of the building was successfully negotiated by ourselves some time ago. 

The property was originally assessed with a rateable value of £78,000 which has been reduced to £62,000 on appeal.  The £16,000 reduction will result in a significant refund on rates already paid together with savings in future rates payments. 

Rowland Jones have also been successful in negotiation a reduction on the Gravells Car Showroom in Kidwelly.  Opened in July 2010 the property originally had a rating assessment of £102,000.  An appeal against the assessment resulted in a number of meetings and discussions with the Valuation Officer and a reduction to £86,500 has now been agreed.  Once again, a large refund is to be made and major future savings will be achieved for the client.

We have acted for a number of occupiers following the introduction of new rateable values in April 2010, with the result that many clients have received large refunds and reduced future rates bills.  In addition to the restaurant and garage premises referred to above, we have negotiated reductions on retail units, offices, industrial and warehouse premises.  If you would like to discuss the possibility of appealing against your rating assessment please contact the Director in charge of the Professional Department, Gareth Harries on 01792 479834.

Gareth Harries BSC FRICS MCIArb

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