Rippleglen
An estate of 166 retail properties throughout England and Wales

Article by

Andrew West
Director
Business Rates

(029) 20 346346

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THE PROBLEM

  • Reasonable levels of business rates are vital to the viability of individual shops

THE SOLUTION

  • Cooke & Arkwright considered valuations of each shop within the estate throughout mainland UK.
  • Appeals were made and reasoned valuations presented to the Valuation Office Agency, having regard to comparable rents and assessments.
  • Cooke & Arkwright's membership of the Rating Surveyors' Association provided comprehensive evidence with which to mount sustained challenges to each appeal and a co-ordinated approach to negotiations in each location.

THE RESULT

  • Our professional, structured approach ensured that valuations were prepared on each property prior to submission of an appeal.
  • The result of this careful preparatory work was reductions in assessments; crucially none increased as a result of our comprehensive review.
  • Our resources and thorough approach enabled us to provide first class advice on a large estate throughout mainland UK
  • The rate liabilities have been reduced by 10% contributing to the profitability and viability of many shops.

Cooke & Arkwright have provided independent property consultancy services to the College for a number of years. This advice has included property valuations and negotiation around property acquisition and disposal, rent reviews and the preparation and negotiation of the College’s farm business tenancy agreement. The College has consistently received an excellent and professional service from Cooke & Arkwright and their valuable support to the College is recognised and appreciated.

Bob Bates, Director, Coleg Gwent