Commercial property in Gravelly Industrial Park.

On top of rent or purchase price, occupiers in Gravelly Industrial Park should budget for business rates — a tax on most non-domestic property set by multiplying the property’s rateable value (RV) by the national multiplier, then applying any reliefs (such as Small Business Rate Relief).

Rateable values are set by the Valuation Office Agency and reflect estimated open-market rent, so they broadly track the Gravelly Industrial Park rental levels shown above. Service charges, buildings insurance, EPC compliance and fit-out are additional costs to factor in before committing to a lease or purchase.