A Mason Owen client owns a 1960s city centre office block.
A major tenant occupying three floors relocated elsewhere leaving the client with an empty rate liability in excess of £45,000 per annum.
Acting on advice from Mason Owen, the owner has commenced works of refurbishment to one of the floors. Our Rating team has successfully negotiated the removal of this floor from the valuation and the separation of the other two floors, resulting in a refund of over £16,000 and an ongoing saving of more than £15,000 per annum.