Nick has dealt with rating appeals on all kinds of retail properties and won a landmark case in the Lands Tribunal in 2003 that dealt with the valuation principles for valuing new shopping centres.
Earlier this year, he dealt with a challenge to the tone of values adopted for Lisburn Square shopping centre. Unusually, it was the landlord and not the tenants who instructed us due to the rates liability being incurred on a number of empty units in the centre following the introduction of vacant rates in NI from April 2004.
The tone had already been agreed by another firm of Chartered Surveyors and the Valuation & Lands Agency (now Land & Property Services) initially refused to amend the assessments.
However, Nick carried-out meticulous research and identified grounds for a further challenge to the tone. Following a careful analysis of the rental evidence, he was able to negotiate a 20% reduction in the assessments, saving the landlord and the tenants over £800,000.