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  • Writer's picturedavid Tanswell

In the scramble for warehouses, are investors paying too much in business rates

The old adage, "as one door closes, another one opens", has rarely been more apt than in the world of commercial property.

At a time when one in seven high street premises lies shuttered, investment in UK warehouses has doubled in 2021, over the same period last year. One million -plus square feet of storage space is not uncommon , as capital pours in from as far afield as Australia and Canada. To take one example, Oxford Properties is developing a 734-acre site near Birmingham into a £1 bn. "logistics hub", with units of up to 1 million sq ft.

However, are investors, lured by the prospect of rising rents, overlooking the need for professional scrutiny of their business rates?

Commercial Property Advisors (CPA), specialists in winning reductions in non-domestic rates for a wide array of clients, is keen to hear from firms which would welcome a free RICS-based analysis of their premises.

Even seemingly -indistinguishable "megaliths" contain quirks and idiosyncrasies in design, which may well not have been recognised by the rating authority, and yet prove key factors in appeals against rating valuations .

The result? Potential six-figure savings on bills in the future.

CPA offers a free telephone consultation , followed by a detailed survey and submission of appeals to the appropriate authority. This worry-free process is helped along by CPA assigning a Personal Advisor to the client, who will keep in regular contact with both the customer and the billing authority, to ensure a smooth and speedy resolution of the challenge.

Fees are agreed in advance, and only payable once savings are achieved.

Contact CPA today for advice and help.

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