Rates and Rental – Warehouse London

Rates and Rental Surveyors Ltd have secured a reduction in business Rateable Value of a warehouse and premises in London. UNIT B + UNIT C, FIVE ACRE SITE, ARK FARM ROAD, FOLKESTONE, KENT, CT19 5DS. Rates and Rental Surveyors Ltd agreed a reduction from £66,250– £51,500 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% £27,428 £21,321 £6,107
2011-12 / 43.3% £28,686 £22,300 £6,387
2012-13 / 45.8% £30,343 £23,587 £6,756
2013-14 / 47.1% £31,204 £24,257 £6,947
2014-15 / 48.2%     £31,933 £24,823 £7,110
2015-16 /  49.3%    £32,661 £25,390 £7,272
2016-17  /  (average 50.4%) £33,390 £25,956 £7,434
TOTAL £215,644 £167,633 £48,011
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