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Industrial units, factories and workshops: are your business rates too high?

Peter Foley is our resident guru here at CPA, and has been passionately following the shifting world of business rates for many years. With a keen political insight, Peter’s writing reveals how policy change is key to understanding your business rates further, and how this could translate into substantial savings. In his weekly column, Peter also outlines a desired path forward, with changes we’d like to see implemented for a fairer system on the nation's business rates.

The 2023 revaluation of business rates has had a significant impact on a range of industries. The intention behind this decision was to support struggling high street businesses by increasing rates for factories, warehouses, and industrial units. However, this one-size-fits-all approach has inevitably resulted in anomalies, overlooking the importance of a detailed analysis of individual properties.

At Commercial Property Advisors (CPA), we recognize the need for a more tailored approach. By conducting professional physical surveys and employing data-rich comparator analysis, we can challenge rateable values that are often nothing more than subjective opinions. Our efforts can lead to a more realistic and fair rates revised figure, resulting in significant long-term savings and, in some cases, rebates.

The best part? Our services are risk-free. We only require commission payment if we successfully achieve savings for your business. The Valuation Office operates on the assumption that silence equates to agreement to pay, so it makes prudent sense for industrial entrepreneurs to entrust the complexities of formal appeals to professional surveyors and advisors.

Are you grappling with the complexities of the latest rating revaluation? Don't navigate this challenging landscape alone. Contact CPA today for expert help and advice. Let us ease the burden of business rates and guide you through this evolving business climate.

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