Empty property rates: an avoidable tax
From 1st April 2008 full business rates are payable on all empty industrial and commercial properties
Have you done all you can to avoid this unfair property tax?
In the past there were no business rates payable on empty factories and warehouses and only 50% of business rates were payable on other empty commercial property following a 3 month rate free period.
Owners of vacant factories and warehouses in England and Wales now have to pay full rates once their property has been empty for six months. Other vacant properties are entitled to 100% relief for the first three months only and are subject to full rates thereafter.
Under current rating regulations, if an empty property is occupied for at least six weeks and then falls vacant again, it qualifies for another exemption period of six months (warehouse and industrial property) or three months (all other property).
How can Avire help you?
Avire is an innovative company which specialises in the short-term leasing and letting of business premises across the UK. We operate as an agency, matching prospective commercial tenants with suitable premises available for short-term lease.
Avire assists commercial landlords by helping them generate revenue and reduce holding costs from property that would otherwise remain empty for extended periods of time. Holding an empty property while finding tenants for long-term leases can prove to be a drain on resources. We can fill the gap by helping you access an increasingly lucrative revenue stream, which is fed by the growth in seasonal and periodical business initiatives.
We plug commercial landlords into these alternative revenue streams by connecting them with prospective tenants looking for short-term leases. Because we work exclusively in the short-term letting market, we will find a business to temporarily rent your premises while you continue to seek a long-term tenant.
What’s more, once a business is installed in your premises, if it does well in the short-term, the tenant may decide to take up the let for a longer term! So rather than your premises sitting empty, why not allow us to introduce a business to your premises on a short-term basis, with the option for them to stay on for a longer period if they want to?