Through a longstanding partnership with Ridge Asset Management, Maughan Mitchell were appointed to advise Oasis for Fun / Glen Fern, in assisting with their Business Rates.

Our advice covered a period of difficulty for the Business during Covid, with our involvement being vital to the business’s immediate future.

The property holding, which is now subject to one of Bournemouth’s largest redevelopments in recent years, included a large mixed leisure property, a multi-storey car park, a garage and student accommodation. The leisure element and car park having high onerous Rates Liabilities.

Following advice to Oasis, Maughan Mitchell contacted BCP Council and the Valuation Office, putting cases forward for Rates Relief and arguing for a merger of Rating Assessments; for the main leisure space to be assessed with an ex-snooker hall above, being partially used for storage. Through discussions with the authorities this produced significant Business Rates savings, with Relief on the Car Park secured and from the merger, which allowed the ex-snooker premises to fall within the Government’s Covid Relief scheme.

We also appealed the level of the Rates Valuations on the main leisure space, submitting a detailed case at the Challenge stage of the appeal process, including comparable leisure units across the region. Through discussion around the evidence significant Rateable Value reductions were secured, from £142,000 to £62,000 and £187,500 to £83,500, following the merger.

Business Rates Savings from our efforts, were in excess of £200,000.