In 2015, a national housebuilder acquired this substantial site of approximately 450,000 sq ft of workshops, associates offices and storage accommodation, previously used in connection with the manufacturing of car parts, and set in semi-rural surroundings. The site was purchased with a view to demolition and redevelopment for housing. We were instructed to mitigate the substantial business rates liability that arose due to the two assessments of the site of £410,000 and £237,000.
Working closely with the client and through liaison with both the Valuation Office Agency (VOA) and Local Authority, the ongoing business rates liability was reduced to Nil following the commencement of demolition works in May 2015. This left a business rates liability for the period from the date of acquisition through to the commencement of demolition.
We presented detailed evidence and calculations, and finally on the day before the Tribunal Hearing, and after many months of discussion, we were able to persuade the VOA that the buildings were in such poor repair that they should attract a Nil value.