GND FLR BUILDING 7, CROXLEY GREEN BUSINESS PARK, HATTERS LANE, HATTERS LANE, WD18 8PA
Offices and premises Decided 14 February 2025 CHG101199362 Ryan
Figures are as stated in the decision, and are values in the 2023 list; a dash means the document does not state that figure. This judgement decided 4 properties together; the figures above are for this appeal's property (Gnd Flr Building 7, Croxley Green Business Park, Hatters Lane, Watford, WD18 8PA). Every property is listed below.
The 4 properties in this decision
One judgement covered all of these appeals. Each property’s figures as the judgement states them (2023 list); this appeal’s property is highlighted.
| Property | Original RV | Sought | Tribunal decided | Outcome |
|---|---|---|---|---|
| Gnd Flr Building 7, Croxley Green Business Park, Hatters Lane, Watford, WD18 8PAThis appeal | £630,000 | £540,000 | £585,000 | Dismissed |
| 1st Flr West Wing Building 3, Croxley Green Business Park, Hatters Lane, Watford, WD18 8YG | £377,500 | £327,500 | £360,000 | Allowed in part |
| Unit 6 Building 6, Croxley Green Business Park, Hatters Lane, Watford, WD18 8YH | £43,500 | £36,750 | £40,750 | Allowed in part |
| Gnd Flr Building 2, Marlins Meadow, Croxley Centre, Hatters Lane, Watford, WD18 8YA | £600,000 | £487,500 | £560,000 | Allowed in part |
What was argued and what the tribunal found
The appellant argued that the VO's valuation of office properties on Croxley Green Business Park was too high, particularly given the impact of Covid-19 on the office sector and home-working trends. The appellant cited rental evidence from broader locations and settled appeals, proposing lower unit rates per square metre. The tribunal partially allowed three of the four appeals, dismissing only the first property appeal where it found the VO's £270/m2 rate was supported by comparable rental evidence from Building 5 Croxley Green Business Park, and allowing the others at reduced rates of £285/m2, £300/m2 and £300/m2 respectively.
Summary generated from the decision text and checked against it. The appellant was De Lage Landen Leasing Limited, represented.
Grounds argued
- Comparable assessments (tone)
- Rental evidence · decisive
- Valuation method
- Change of circumstances
- covid
- Evidence
- Rents, Settled assessments, Expert report
- Hearing
- 15 January 2025
Similar decisions
- UNIT 6 BUILDING 6, CROXLEY GREEN BUSINESS PARK, HATTERS LANE, HATTERS LANE, WD18 8YH — Allowed in part, 14 Feb 2025
- 1ST FLR WEST WING BUILDING 3, CROXLEY GREEN BUSINESS PARK, HATTERS LANE, HATTERS LANE, WD18 8YG — Allowed in part, 14 Feb 2025
- GND FLR BUILDING 2, MARLINS MEADOW, CROXLEY CENTRE, HATTERS LANE, HATTERS LANE, WD18 8YA — Allowed in part, 14 Feb 2025
All decisions in Three Rivers District Council · Offices nationally
Is your own rateable value in line?
A free check compares a property with the assessments around it and says plainly whether there is anything worth pursuing.
Check a propertyThe tribunal’s decision in full
Decision © Crown copyright, published by the Valuation Tribunal Service under the Open Government Licence v3.0 and reproduced unaltered. This site does not index the names of private individuals that appear in decisions. Information, not advice.