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Property rates and redevelopment planning

Splitting the property to cut rates and future car-park/car-business ideas

Behnam · 2026-07-29 17:35:12 to 2026-07-29 17:42:39

Review: Pending Review

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Summary

The group discusses whether splitting the building back into separate units would reduce business rates. They explain that combining the units increased the rates because rates depend on the type of space (toilets, office, outside). They then explore future uses for the back area: car wash, mechanics, car park, or dividing the building. A friend who runs car parks is interested because nearby parking will soon be restricted, creating demand for £20/week permits. Behnam is also waiting for someone to come and view an Audi.

Facts

  • The units were originally separate, and combining them raised the rates.
  • Rates calculations depend on the type of space, not just total area.
  • A rates valuation visit is still pending and must be sorted within six months.
  • There is a July payment of about £1,600.
  • A friend thinks 40–50 parking spaces could be created on the site.
  • Parking restrictions are expected soon; permits may cost £20 per week.
  • Behnam is waiting for someone to view an Audi.

Tasks

  • Await/sort the pending valuation visit.
  • Pay the July business-rates amount of about £1,600.
  • Consider splitting the building/units to lower rates.
  • Decide whether to lease the back area for car business/parking.
  • Sell/view the Audi.

Issues

  • Combined rates are much higher than previous separate rates.
  • Exemption only applies to retail, so splitting may not exempt the units.
  • Some ideas, like 40–50 parking spaces, are viewed as unrealistic.
  • The property owner's dad has vague plans that are not expected to happen.