Haslar Marina is a 600-berth marina in Portsmouth Harbour, whilst East Cowes on the Isle of Wight has 260 berths. It is unusual in that it has a large dedicated visitor area to take advantage of Cowes’ prominence at the heart of the UK racing scene.

Challenges

Reducing business rates represents a significant potential saving for marina businesses. The rateable value is linked to its trading potential, so expert knowledge of the working of the business and the market it operates in is vital.

Putting forward an informed and compelling argument in any business rate appeal is essential in achieving the best possible outcome, because an ill-considered appeal could easily result in an unwelcome increase in rateable value.

Expertise

Result

A thorough and well-informed assessment of the figures was made by the team, based on the team’s extensive knowledge of the marina and sailing industries. This resulted in substantial cost savings to the business.

For further information please contact our team.

Other Marine and Leisure Expertise and Commercial Property Valuation Case Studies

  • Handelsbanken The commercial property valuations team at Vail Williams was approached by leading Swedish bank, Han... Read more
  • Handelsbanken (Southampton) The commercial property valuations team at Vail Williams was instructed by leading Swedish bank, Han... Read more
  • National Westminster Bank The commercial property valuations team at Vail Williams was instructed by National Westminster Bank... Read more
See all Marine and Leisure Expertise case studies See all Commercial Property Valuation case studies