Tribunals · Three Rivers District Council · 2023 rating list

UNIT 6 BUILDING 6, CROXLEY GREEN BUSINESS PARK, HATTERS LANE, HATTERS LANE, WD18 8YH

Offices and premises Decided 14 February 2025 CHG101199843 Altus Group - Oakland - Manchester

OutcomeMixed

Original RV£630,000£300/m²

Ratepayer sought£540,000

VO conceded first£585,000−7% before the hearing

Tribunal decided£585,000£285/m²

Figures are as stated in the decision; a dash means the document does not state that figure. This decision covers 4 properties; the figures shown are for the first listed.

What was argued and what the tribunal found

The appellants argued that the VO's rental valuation approach was too narrow, focusing only on Croxley Green Business Park, and failed to account for the impact of Covid-19 on office market values. They contended that the adopted price per square metre should be reduced across all four properties. The tribunal allowed three appeals in part, reducing valuations by applying lower unit rates based on comparable rental evidence from Croxley Green (particularly post-AVD lettings and reviews). One appeal (Building 7) was dismissed as the tribunal found the VO's £270/m2 was well-supported by Building 5 rental evidence at £270.30/m2.

Summary generated from the decision text and checked against it. The appellant was De Lage Landen Leasing Limited, represented.