Tribunals · Three Rivers District Council · 2023 rating list

1ST FLR WEST WING BUILDING 3, CROXLEY GREEN BUSINESS PARK, HATTERS LANE, HATTERS LANE, WD18 8YG

Offices and premises Decided 14 February 2025 CHG101223416 Altus Group - Oakland - Manchester

OutcomeMixed

Original RV£630,000£270/m²

Ratepayer sought£540,000

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

Tribunal decided£630,000£270/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 challenged the tone per square metre adopted by the VO for four office properties on Croxley Green Business Park and one on Marlins Meadow, arguing that the VO's approach was too narrow and failed to reflect Covid-19 impacts on the office sector. The tribunal allowed three appeals in part by adopting lower price per square metre valuations based on actual rental evidence from Croxley Green and comparable properties, but dismissed the first appeal as the VO's £270/m2 was justified by rent review evidence (Building 5 at £270.30/m2) and settled appeals.

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