Case Study

Vesuvius

Client

Vesuvius, a leading engineered ceramics company whose products are used by steelmakers and foundries as well as in the glass and solar energy industries.

Brief

Undertake a review of business rates assessment of offices in 165 Fleet Street, London, where landlord’s works to refurbish reception and vacant floors were ongoing at List commencement. Consider accuracy of adopted pricing along with effect of temporary disturbance.

Result

Following formal Check and Challenge, the Valuation Officer accepted the underlying basis of value was excessive and in addition accepted a further temporary reduction in respect of disturbance. Approximate total savings in rates payable, £90,000.

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