1ST FLR WEST WING BUILDING 3, CROXLEY GREEN BUSINESS PARK, HATTERS LANE, HATTERS LANE, WD18 8YG
Offices and premises Decided 14 February 2025 CHG101223416 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 (Unit 6 Building 6, Croxley Green Business Park, Hatters Lane, Watford, WD18 8YH). 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 8YHThis appeal | £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 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.
Grounds argued
- Comparable assessments (tone)
- Rental evidence
- 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
- UNIT 6 BUILDING 6, CROXLEY GREEN BUSINESS PARK, HATTERS LANE, HATTERS LANE, WD18 8YH — 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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