Hotels’ ratings burden lifts

Colliers International Manchester claims to have saved £1.1m for four hotel clients in the first six weeks of 2012 on ratings appeals for 12 properties.

The largest client is set to save £1m over five years following successful appeals on nine properties undertaken on its behalf by Colliers International Manchester. One of its hotels in south Manchester will save £170,000, another in east Manchester will see its rates reduced by £182,000 and another in Knowsley, Merseyside will save £172,000.

A separate hotel client in Liverpool has received a £39,000 cash refund after a successful appeal for a material change of circumstance and a banqueting suite in Manchester is saving more than £50,000 over five years.

Colin Siebert, director of licensed and leisure property at Colliers in Manchester, said: "Rating liability is a big cost for any business at any time but in these particularly difficult economic conditions securing the best outcome for our clients via these successful appeals is particularly gratifying.

"Despite the fact that the current rating list commenced in April 2010 it is not too late for businesses to have their rating assessment reviewed and anything which produces a cost saving is obviously worthy of consideration."

Properties are assessed on the basis of a rate per sq ft or in the case of many licensed premises, by reference to fair maintainable turnover. If the rating team decides an appeal is warranted it lodges the appeal with the Valuation Office and discusses the rateable value. If agreement cannot be reached, the issue is referred to tribunal although such a course of action is rare.

Your Comments

Read our comments policy

Related Articles

Sign up to receive the Place Daily Briefing

Join more than 13,000 property professionals and receive your free daily round-up of built environment news direct to your inbox


Join more than 13,000 property professionals and sign up to receive your free daily round-up of built environment news direct to your inbox.

By subscribing, you are agreeing to our Terms & Conditions and Privacy Policy.

"*" indicates required fields

Your Job Field*
Other regional Publications - select below