Business Rates is a specialist discipline requiring a depth of knowledge of Rating law, practice, procedures and the mechanics of the rating system. We have been successful in reducing rate payers liabilities by some £millions during the course of the 1990, 1995, 2000, 2005 and the current 2010 rating list across a diverse range of properties. This includes the realisation of substantial rates savings for conventional office, industrial and retail sector premises, in addition to specialist category properties such as public houses, restaurants, car showrooms, car parks, casinos, pyrotechnic compounds, residential show houses, marinas, ferry terminals, hotels and nightclubs. On a predominantly performance related fee basis, with invariable opportunity to provide clients with free rating health check, Maughan Mitchell are well placed to extend their friendly specialist rating service to mitigating liabilities following the 2010 rates re-valuation.
Lease Consultancy is a compatible service provided to clients along with rating expertise necessitating in an extensive knowledge of lease covenants, rent review provisions, repairing obligations, landlord and tenant statutes and case law. Maughan Mitchell are therefore able to offer a high quality service to their clients in connection with rent review and lease renewal negotiations, pre-acquisition of leasehold premises and transactional management. We provide solutions and strategies for landlords and tenants in connection with break-clauses and lease expiries, disputes, dilapidations issues and assignment or sub-letting scenarios.
An area where we have received great success recently, for both tenants and landlords, is through lease re-gearing. We are able to help occupiers reduce costs and provide better business flexibility through lease re-structuring. Possible tenant benefits include; a capital payment or a rent holiday, realigning break clauses to match their own business targets, improvement to common parts and services through full or partial refurbishment and reducing floor space occupation to match business needs. From a landlord’s perspective, re-gearing leases will bring them a longer security of income and therefore add value to their investment.
Our Asset Management service is for both property funds and private investors, focused on delivering enhanced income and capital growth. We provide a ‘one-stop’ service tailored to our clients’ needs, always seeking to maximise performance and returns through proactive and imaginative property management strategies and close liaison with tenants. We seek to identify and act upon opportunities for improved property performance as well as provide solutions to problems that can arise.
We deal extensively with industrial, office and retail sector property holdings that are occasionally geographically diverse adopting a ‘hands on’ approach whilst always focusing on the key goals of preserving and enhancing rental income and capital value.
We have been professionally advised by Maughan Mitchell for 21 years. A very successful partnership covering our expansion into both leasehold and purchase of factory premises. Additionally, over these years our business rates have continued to be very successfully negotiated.
Mike Bull – MD., Gordano Support Group
Gordano Support Group