HOTEL BUSINESS RATES VALUATION
Gowlands provides Rating Consultancy services to the Fir Trees Hotel, a privately owned three-star family-run hotel nestling at the foot of the scenic Sperrin Mountains on the outskirts of Strabane.
When the Executive announced the Retail, Hospitality, Tourism and Leisure Grant for hotels with a NAV between £15,000 and £51,000 our experts acted quickly to submit an appeal against our clients NAV of £57,000. After four weeks of intensive negotiations, we secured a reduction down to £50,000. This reduction not only facilitated obtaining the Grant, but it also achieved additional annual savings.
The Fir Trees Hotel have trusted our experts for over 6 years, securing multiple reductions and significant annual savings.
Gowlands provided the Client with the following services:
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Rating Valuation Reviews
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Opinions of Rateable Value (Net Annual Value)
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Consultancy services in respect to Receipts & Expenditure
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Rating Valuation Appeals
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Reval 2020
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Appeals to Lands Tribunal for Northern Ireland
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Budget planning
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Cash flow management
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Transactional calculations
Key achievements are:
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Business Rates Savings – Annual savings In excess of £5,000 [2019-20]
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Facilitated securing the £25,000 Retail, Hospitality, Tourism and Leisure Grant
SAVINGS OF
£30K