CVS Surveyors Totos Case Study

...they were the best in the business, and they certainly justified this reputation

Luca Boschian, General Manager, Toto’s Restaurant

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Toto’s Restaurant

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Toto’s Restaurant

Savings of £13,000

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“We instructed CVS to act on our behalf with our business rates appeal as we felt that they were the best in the business, and they certainly justified this reputation. Our entire experience of CVS has been a positive one and we are now pleased that the rates we pay are fair and accurate. The money that we will save will be reinvested back into Toto’s, and we would highly recommend CVS’ services to other businesses.”

Luca Boschian, General Manager, Toto’s Restaurant

Toto’s Restaurant offers contemporary Italian dishes in a warm environment in Knightsbridge. Following a comprehensive two-year long refurbishment, Toto’s reopened in a striking listed building on Walton Street, SW3. Named after the legendary Italian clown, ‘Toto’, the restaurant also features an intimate mezzanine for private events, a stylish cocktail bar and a beautiful hidden courtyard.

Results

CVS was instructed by Walton Hospitality Ltd, trading as Toto’s Restaurant, to review their rates liability on their Italian Restaurant based in the heart of Knightsbridge, London.

CVS Comment:

“On inspection it was noted that it is an unconventional shape and layout for a restaurant, as it is a rhombus shape. Also, the original rent from 2005 was considerably less than the RV of £98,500, indicating that there was more justification for an End Allowance for layout of 5%. The revised Rateable Value was reduced to £93,500, a reduction of £5,000 which will save the Client nearly £13,000 across the List.”

Christopher Baker MSc MRICS, Associate Director, CVS