Property

Warner Bros Studios Leavesden Warner Drive, Leavesden, Watford, WD25 7LP

Contents

Valuation

Previous rateable value (1 April 2023 to 19 March 2024)

£25,320,000

This was the rateable value for the property. It is not what you would have paid in business rates or rent. Your local council uses the rateable value to calculate the business rates bill.

Estimate your business rates bill

Valuations for this property

Valuations Help with Valuations Effective date Help with Effective date Rateable value
CURRENT 20 March 2024 to present 26 July 2023 £37,250,000
PREVIOUS 1 April 2023 to 19 March 2024 1 April 2023 £25,320,000
PREVIOUS 20 March 2024 to 31 March 2023 25 January 2023 £8,180,000
PREVIOUS 14 June 2022 to 19 March 2024 30 June 2021 £5,510,000
PREVIOUS 5 May 2022 to 13 June 2022 29 June 2020 £4,920,000

Valuation details

Description Help with Description
Film studios and premises
Local council
Three rivers
Local council reference Help with Local council reference
101004700460
Rating list Help with Rating list
2023
Effective date Help with Effective date
1 April 2023
Valuation scheme reference Help with Valuation scheme reference
642195
Base rate Help with Base rate
£225.00
Measurement method Help with Measurement method
Gross internal area
Transitional relief certificate issued Help with Transitional relief certificate issued
No
Special category code Help with Special category code
100S

How the rateable value is calculated

The Valuation Office Agency (VOA) uses various methods to value properties. A ‘rental’ method is used most often.

The VOA gathers information about rents paid for properties. It analyses the information and works out a price per square metre. It may consider things like property age, construction and location. The price per square metre is applied to the floor area of the property.

More about how business properties are valued

Film studios floor areas
Description Area m²/unit £ per m²/unit Value Help with Value
Ground floor production area 1,379.33 £225.00 £310,349
Ground floor production area 1,014.58 £225.00 £228,281
First floor production area 1,787.19 £225.01 £402,136
Second floor production area 1,185.53 £225.00 £266,744
Third floor production area 0 £90.00 £0
Fourth floor production area 0 £90.00 £0
Ground floor production area 191.89 £225.00 £43,175
Ground floor production area 209.96 £225.00 £47,241
Ground floor production area 90.36 £180.00 £16,265
Ground floor production area 378.6 £180.00 £68,148
Ground floor production area 16.2 £180.00 £2,916
First floor production area 167.04 £180.00 £30,067
First floor production area 382.78 £180.00 £68,900
Second floor production area 195.54 £180.00 £35,197
First floor production area 326.04 £180.00 £58,687
Second floor production area 326.04 £180.00 £58,687
Ground floor workshop 1,332.38 £180.00 £239,828
Ground floor workshop 1,228.38 £135.00 £165,831
Ground floor workshop 3,065.18 £157.50 £482,766
Ground floor production area 7,968 £157.50 £1,254,960
Ground floor production area 2,362.5 £157.50 £372,094
Ground floor production area 2,158 £225.00 £485,550
Ground floor production area 2,127 £225.00 £478,575
Ground floor production area 2,904 £270.00 £784,080
Ground floor production area 959 £315.00 £302,085
Ground floor production area 3,079 £225.00 £692,775
Ground floor production area 3,302 £225.00 £742,950
Ground floor production area 3,082 £225.00 £693,450
Ground floor production area 1,692 £225.00 £380,700
Ground floor production area 1,684 £225.00 £378,900
Ground floor workshop 603.71 £157.50 £95,084
Ground floor workshop 301.95 £157.50 £47,557
Ground floor workshop 427.01 £157.50 £67,254
First floor workshop 347.07 £157.48 £54,657
Ground floor gatehouse 18.92 £135.00 £2,554
Ground floor gatehouse 114.21 £135.00 £15,418
Ground floor external storage 1,315 £112.49 £147,924
Ground floor production area 11,406 £270.00 £3,079,620
Ground floor production area 3,246.12 £270.00 £876,452
Ground floor internal storage 41.8 £112.50 £4,703
Ground floor internal storage 53.9 £112.50 £6,064
Ground floor internal storage 4.5 £112.50 £506
Ground floor internal storage 10.12 £112.50 £1,139
Ground floor staff toilets 75.9 £135.00 £10,247
Ground floor production area 3,246.12 £270.00 £876,452
Ground floor internal storage 91.2 £112.50 £10,260
Ground floor internal storage 104.88 £112.50 £11,799
Ground floor internal storage 20.52 £112.50 £2,309
Ground floor workshop 1,506.4 £157.50 £237,258
Ground floor area under supported floor 2,903.6 £112.47 £326,568
Ground floor internal storage 55 £112.50 £6,188
Mezzanine floor internal storage 1,506.4 £45.00 £67,788
Ground floor production area 3,305.61 £270.00 £892,515
Ground floor plant room 122.3 £112.50 £13,759
Ground floor plant room 103.58 £112.50 £11,653
Ground floor workshop 1,543.5 £157.50 £243,101
Ground floor staff toilets 178.52 £135.00 £24,100
Ground floor plant room 37.5 £135.00 £5,063
Ground floor internal storage 16.32 £225.00 £3,672
Mezzanine floor workshop 1,543.5 £78.75 £121,551
Ground floor area under supported floor 1,543.5 £141.75 £218,791
Ground floor production area 1,140.75 £270.00 £308,003
Ground floor production area 11,259.86 £270.00 £3,040,162
First floor office 268.98 £297.00 £79,887
First floor internal storage 258.6 £175.50 £45,384
Second floor office 1,372.29 £297.00 £407,570
Third floor office 1,371.29 £297.00 £407,273
Ground floor production area 1,587 £270.00 £428,490
Ground floor production area 1,587 £270.00 £428,490
Ground floor office 747.41 £297.00 £221,981
First floor office 745.03 £297.00 £221,274
Second floor office 759.04 £297.00 £225,435
Ground floor plant room 317.11 £135.00 £42,810
Ground floor production area 3,291.88 £270.00 £888,808
Ground floor staff toilets 99.21 £135.00 £13,393
Ground floor plant room 171.53 £135.00 £23,157
Ground floor production area 4,299 £270.00 £1,160,730
Ground floor plant room 165.98 £135.00 £22,407
Ground floor plant room 165.98 £135.00 £22,407
Ground floor office 748.8 £297.00 £222,394
First floor office 748.8 £297.00 £222,394
Second floor office 748.8 £297.00 £222,394
Ground floor plant room 22.08 £135.00 £2,981
Total 112,265.6 £25,231,167
Additional details
Description Area m²/unit £ per m²/unit Value Help with Value
Storage container 4645 £20.00 £92,900
Total £92,900
Valuation
Total value £25,324,067
Rateable value (rounded down) £25,320,000
Get help with this valuation

Help with previous valuation

You want to change something in this valuation

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  • you think your rateable value is too high

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How the rateable value is calculated

The Valuation Office Agency (VOA) uses various methods to value properties. A ‘rental’ method is used most often.

The VOA gathers information about rents paid for properties. It analyses the information and works out a price per square metre. It may consider things like property age, construction and location. The price per square metre is applied to the floor area of the property.

More about how business properties are valued

The rateable value and your business rates bill

£25,320,000 is the rateable value for this property set by the Valuation Office Agency.

It is not what you pay in business rates or rent. Your local council uses the rateable value to calculate your business rates bill.

Business rates are used to partly fund local council services.

Estimate your business rates bill

You may also be entitled to business rates relief.

Business rates relief

Some properties are eligible for discounts from the local council on their business rates. You have to contact your local council to see if you’re eligible and apply.

More about business rates relief

Contact your local council

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