Heythrop College is a university college located in Kensington, London. Our appeal centered around whether the University should be valued on a rentalised basis or on a Contractor’s basis.
We represented Heythrop College in negotiation and discussions throughout the entire appeals process.
It was argued that Heythrop College had all the attributes of a campus type university. Evidence was submitted of other
further educational establishments in London valued on a Contractor’s method.
Due to the significant difference in value between the two valuation methods the case was put before the Valuation Tribunal for England.
The Tribunal found in favour of the Client which led to a reduction in the rateable value from £950,000 to £162,000. This produced savings for the University in excess of £337,000. Subsequently, a Valuation Tribunal Hearing also found in our favour, which supplemented the overall result with additional savings.
Rateable Value Savings Summary
* Actual savings during revaluation as a result of rating list reduction.
“The Beattie Partnership helped reduce our rates bill significantly- saving us over £300,000; on behalf of the College I’d like to say a big thank you for the work carried out.”
Martin Grundy, Heythrop College