UNIT 6 BUILDING 6, CROXLEY GREEN BUSINESS PARK, HATTERS LANE, HATTERS LANE, WD18 8YH
Offices and premises Decided 14 February 2025 CHG101199843 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 2, Marlins Meadow, Croxley Centre, Hatters Lane, Watford, WD18 8YA). 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 8PA | £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 8YAThis appeal | £600,000 | £487,500 | £560,000 | Allowed in part |
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.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- Valuation method
- Change of circumstances
- covid
- Evidence
- Rents, Settled assessments, Earlier tribunal decisions
- Hearing
- 15 January 2025
Similar decisions
- GND FLR BUILDING 7, CROXLEY GREEN BUSINESS PARK, HATTERS LANE, HATTERS LANE, WD18 8PA — Dismissed, 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
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