Challenge

Colliers Rating Team lodged an appeal against the proposed Rateable Value of £1,960,000 in respect of the Co-operative Group’s purpose built distribution centre located at Newhouse, Motherwell.

The building serves in excess of 700 retail units in Scotland and Northern England as has been fitted out with substantial plant and machinery including freezer and chiller accommodation.

Our challenge was to secure a fair and reasonable Rateable Value through detailed negotiation with the Lanarkshire Assessor.
 

Strategy

Once the relevant appeal had been received, we entered into detailed discussions with the assessor upon the property being listed for hearing by the Local Valuation Appeal Committee.

Various meetings were held with the assessor and a full and complex survey of the property undertaken. The inspection was required to identify not only if the areas had been correctly calculated but also to ensure the plant and machinery had been correctly identified.
 

 Services

  • Initial recommendation and advice from a professional rating surveyor with extensive market experience
  • Detailed measuring survey allowing instigation of procedures to ensure the lowest level of liability is being charged
  • Full analysis of subject property rental transaction and transactions based on comparable properties in the marketplace
  • Proactive lead in discussions with the Lanarkshire Assessor  to ensure best result for our client
  • Representation at Valuation and Lands Tribunal if required
  • Continued rating advice and support throughout the life of the rating list and beyond
  • Direct internal link to all of Colliers International’s commercial property services, providing wide range of support for all types of commercial property

Results

As a direct result of our representations, the assessor conceded to our arguments and reduced the overall rate per square meter proposed. The Rateable Value has been reduced by over £200,000 which results in a total cash saving in excess of £525,000 until the next Revaluation.