Rates and Rental – Shop

Rates and Rental Surveyors Ltd have secured a reduction in business Rateable Value of a shop and premises in London. Unit 6 – Bst+Grd Floor, Whiteleys, Queensway, London W2 4SB. Rates and Rental Surveyors Ltd agreed a reduction from £107,000– £86,500 with the Valuation Office. The reduction now means the following saving will apply excluding any transitional relief (*) or Small Business Rates Relief (*) given by the local authority.

Year/Rate Before reduction After reduction Saving
2010 – 11 / 41.4% £44,298 £35,811 £8,487
2011-12 / 43.3% £46,331 £37,455 £8,877
2012-13 / 45.8% £49,006 £39,617 £9,389
2013-14 / 47.1% £50,397 £40,742 £9,656
2014-15 / 48.2%     £51,574 £41,693 £9,881
2015-16 /  49.3%    £52,751 £42,645 £10,107
2016-17  /  (average 50.4%) £53,928 £43,596 £10,332
TOTAL £348,285 £281,558 £66,728
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