Business Rates: Evergreen House

Rates review securing £1.85m savings

Evergreen Marine UK instructed Levy Real Estate to review the accuracy and fairness of the Business Rates assessments at their UK headquarters on Euston Road. Following a detailed review, several appeals were lodged to de-rate multiple floors that had undergone refurbishment during the 2023 Rating List period. The appeals were successfully settled, resulting in a substantial backdated rates rebate from Camden Council. Levy Real Estate continues to advise the client, including handling appeals against Completion Notices issued by Camden Council to ensure that refurbished floors are not assessed prematurely.

Summary

£3.2m

total RV

65,000 sq ft

total area

£1.85m

total savings

Alex Izett

Partner

T 020 7747 0173

M 07955 035 057

E [email protected]

Amy Wadsworth

Associate Partner

T 020 7930 1070

M 07564 783 772

E [email protected]

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