Business ratings: Telefonica, Market Street, Manchester
As part of the wider Telefonica business rates instruction, the O2 shop on Market Street, Manchester was appealed on the basis that its rates assessment was too high.
How we helped
Following instructions from Telefonica an appeal was submitted for the 2010 Rating List challenging the Rateable Value. Whilst undertaking our on site inspection and survey, we discovered that a lower ground floor mezzanine used by the previous tenants was not part of our clients occupation and we also picked up inaccuracies in the Valuation Office’s areas for the ground floor retail area.
We invited the Valuation Officer’s referencer to meet with us on site to agree these variations.
Outcome
After lengthy negotiations including submitting a Statement of Case to the Valuation Tribunal, we were subsequently able to settle the case with the Valuation Office. Our strongly argued case enabled us to secure a reduction in the Rateable Value of 23.5% for the duration of Telefonica’s occupation in the 2010 Rating List and 24.1% for the duration of the 2017 Rating List as well, resulting in savings to Telefonica in excess of £250,000.
Michael Hampton-Riddington
Partner, head of rating south
Head office
T +44 (0) 20 7408 1010 Email MichaelRelated services
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Cluttons has hired Steve Cooper as head of development and planning with a remit to grow this area of expertise as part of the business’s strategic plan.Victoria Martin proves resi is relevant at EG’s Future Female Leaders
Twelve women who work across property joined forces with EG and Ginger Public Speaking as part of the Future Female Leaders programme.Cluttons expands its property management team with new hire
Cluttons, the property consultancy, has appointed Claire Collins as head of block management, further strengthening its London-based property management team.Cluttons advises elderly care provider Whiteley Homes Trust on multi-phase development
Cluttons, the property consultancy, is advising leading elderly care provider, Whiteley Homes Trust, on their development programme at Whiteley Village in Weybridge, Surrey.Cluttons advises Alzheimer’s Society on new office space and wellness
Cluttons, the property consultancy, has advised Alzheimer’s Society, the leading care and research charity for people with dementia, on the development of office space in Birmingham as part of its move to regional hubs across the UK.Cluttons partners with the Institute of Legacy Management
Cluttons partners with the Institute of Legacy Management to discuss effective property asset management strategies.Cluttons advises London City Mission on property estate
Cluttons has been appointed by London City Mission, a Christian charity dedicated to serving churches and working with people in London who are living in poverty or on the margins of society, to review and realign its property portfolio in the capital.Cluttons builds its outer London agency focus with two new hires
Cluttons is building its outer London agency focus with the appointment of two senior hires.Creating property strategies to enhance your charity’s mission
Recently, a group of experts convened to discuss the role of property in charities’ long-term strategies.Cluttons boosts lease advisory offer with new hire
dvisory and compulsory purchase to further boost its offer in this area.Cluttons welcomes PM’s commitment to connectivity – but there are significant challenges ahead
Cluttons, the property consultancy and market leading adviser to the largest mobile operators and fixed-line providers, welcomes Boris Johnson’s commitment to making connectivity one of his top five priorities.A well connected workplace is a win win
In an age where good connectivity has become more important to occupiers than transport links and amenities, digital infrastructure is now a key factor in the decision making process when it comes to taking on a new office space.Why wellness is here to stay
The topic of wellbeing in the workplace has been on the agenda for some time and shows no sign of abating.Digital infrastructure is key to unlocking performance
In a wide-ranging discussion at today’s London Real Estate Forum, a distinguished panel of experts explored how London’s digital infrastructure is being improved so that it can effectively compete on the global stage.City of Westminster – changing with the times
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam feugiat quam ipsum, et ullamcorper tellus fringilla acorem ipsum dolor sit amet, consectetur.New report links good connectivity and financial returns for commercial landlords
connectivity of their buildings, according to Cluttons’ annual connectivity report in partnership with YouGov launched today.Charity property strategies are evolving – here’s why
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Etiam feugiat quam ipsum, et ullamcorper tellus fringilla acorem ipsum dolor sit amet, consectetur.Cluttons market leaders in unique homes
The award-winning team at Cluttons explains why they are market leaders in finding the right buyer for spaces with a story to tell.Flood defence – a watertight investment
On 9 May 2019, BBC News published an article on climate change and how flood planners across the country ‘must prepare for the worst’.Cluttons joins European Valuers’ Alliance
Cluttons has joined a European Valuers’ Alliance, a network which combines the expertise of market-leading valuation companies across 10 European countries.