EVERYTHING YOU NEED TO KNOW
INDUSTRIAL DERATING, AND
RENTALS METHOD OF VALUATION
Manufacturing covers, among others, factories, warehouses and workshops. Certain manufacturing businesses benefit from a 70% discount on their rates liability known as Industrial Derating - subject to qualifying criteria. The chosen valuation methodology used by Land & Property Services is generally the Rentals Method of Valuation.
Our expert, John Gowland MRICS DipRating, has extensive knowledge of this valuation method when valuing local manufacturing facilities.
Key achievements are:
Spirit AeroSystems – Total savings of £1,474,500
A leading UK bus manufacturer - Total savings of £655,750
Eirtech Aviation Services - 70% Industrial Derating
Bathe Detailing - 70% Industrial Derating
What Our Clients Say
“Pleased to have worked with John Gowland over recent months to get a great result for our club, really pleased with the outcome, significant for a business like ours - get in touch to see how they could help your business”
Simon Magee, Finance Director at Coleraine FC