Vacant Space | Empty Property Rates

Vacant Space Management provides ethical and cost effective solutions to mitigate holding costs on empty buildings

Recognising the costs associated with empty commercial property, such as increased insurance premiums, security and ever rising business rates, VacantSpace seek to execute bespoke strategies to mitigate costs and where possible, create income for landlords.

With over 10 years experience, Vacant Space Management has fine tuned its strategies in order to meet the stringent criteria set by the local authorities. This attention to detail has resulted in the consistent reduction of client costs.

When a commercial premises falls empty, an initial period of Empty Property Relief (EPR) is granted of three months (or six months, in the case of industrial or warehouse properties).

By occupying the premises for a period of 91 days, the EPR can be applied again, with the process being repeated as often as required.

Using the premises for either short-term storage or for the display and commercial sale of imported artworks is particularly effective strategy when a landlord requires minimum use of the premises.

Charity Occupations can provide savings of 80-100%. Charities bring life and footfall to the local community, and so increasing the appeal of a building or area; landlords can also benefit from lower insurance and security costs.

Vacant Space Management works alongside Centric Community Projects (who provide office, storage, meeting, training and rehearsal space to over 1,500 registered charities, community interest groups and non-profit organisations) to find suitable not-for-profit occupants.

A registered charity occupying a commercial building is entitled to 80% mandatory business rate relief. Additionally, charities receive 100% Empty Property Rate relief (EPR) when their premises are vacant, as long as the premises’ next use is by a charity.

Vacant Space Management works with Centric Community Projects to promote a number of touring Equality Exhibitions across the country. Providing the necessary criteria are met, EPR savings of over 95% pa can be achieved.

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Vacant Space Management provides ethical and cost effective solutions to mitigate holding costs on empty buildings

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