Acting for Hilton Hotels, we have significantly reduced the Rating Liability at the Home of Hampshire Cricket.
On receiving instructions, we explored the level of the Rating Assessments and examined the need for the number of assessments which existed.
Following the lodging of Business Rates Appeals, we entered into detailed negotiations with the Valuation Office. By putting forward detailed evidence, from comparable cricket grounds and hotels, we were able to successfully negotiate a reduction in the hotel assessment, from £730,000 to £480,000 Rateable Value, producing benefit under both the 2010 and 2017 Rating Lists. Further, we were able to reduce the Cricket Ground assessment, merging in the Perform Sports Clinic into the Stadium Assessment, resulting in a £40,000 reduction in Rateable Value.
The aggregate value of the benefit secured was in excess of £800,000.