Property

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

Contents

Valuation

Previous rateable value (26 July 2023 to 8 July 2024)

£37,250,000

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 (opens in new tab)

Valuations for this property

Valuations	Effective date	Rateable value
Valuations Future from 1 April 2026	Effective date 1 April 2026	Rateable value £19,660,000
Valuations Current 9 July 2024 to present	Effective date 26 July 2023	Rateable value £28,070,000
Valuations Previous 20 March 2024 to 8 July 2024	Effective date 26 July 2023	Rateable value £37,250,000
Valuations Previous 1 April 2023 to 19 March 2024	Effective date 1 April 2023	Rateable value £25,320,000
Valuations Previous 29 July 2024 to 31 March 2023	Effective date 25 January 2023	Rateable value £6,460,000
Valuations Previous 20 March 2024 to 28 July 2024	Effective date 25 January 2023	Rateable value £8,180,000
Valuations Previous 14 June 2022 to 19 March 2024	Effective date 30 June 2021	Rateable value £5,510,000
Valuations Previous 5 May 2022 to 13 June 2022	Effective date 29 June 2020	Rateable value £4,920,000

Valuation details

• Description: Film studios and premises
• Local council: Three rivers
• Local council reference: 101004700460
• Rating list: 2023
• Effective date: 26 July 2023
• List alteration date: 20 March 2024
• Valuation scheme reference: 642195
• Base rate: £320.00
• Measurement method: Gross internal area
• Transitional relief certificate issued: Yes
• 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
Description Ground floor production area	Area m²/unit 1,379.33	£ per m²/unit £320.00	Value £441,386
Description Ground floor production area	Area m²/unit 1,014.58	£ per m²/unit £320.00	Value £324,666
Description First floor production area	Area m²/unit 1,787.19	£ per m²/unit £320.01	Value £571,919
Description Second floor production area	Area m²/unit 1,185.53	£ per m²/unit £320.00	Value £379,370
Description Third floor production area	Area m²/unit 0	£ per m²/unit £128.00	Value £0
Description Fourth floor production area	Area m²/unit 0	£ per m²/unit £128.00	Value £0
Description Ground floor production area	Area m²/unit 191.89	£ per m²/unit £320.00	Value £61,405
Description Ground floor production area	Area m²/unit 209.96	£ per m²/unit £320.00	Value £67,187
Description Ground floor production area	Area m²/unit 90.36	£ per m²/unit £256.00	Value £23,132
Description Ground floor external storage	Area m²/unit 969.67	£ per m²/unit £228.00	Value £221,085
Description Ground floor production area	Area m²/unit 378.6	£ per m²/unit £256.00	Value £96,922
Description Ground floor production area	Area m²/unit 16.2	£ per m²/unit £256.00	Value £4,147
Description First floor production area	Area m²/unit 167.04	£ per m²/unit £256.01	Value £42,764
Description First floor production area	Area m²/unit 382.78	£ per m²/unit £256.01	Value £97,996
Description Second floor production area	Area m²/unit 195.54	£ per m²/unit £256.00	Value £50,058
Description First floor production area	Area m²/unit 326.04	£ per m²/unit £256.01	Value £83,470
Description Second floor production area	Area m²/unit 326.04	£ per m²/unit £256.00	Value £83,466
Description Ground floor workshop	Area m²/unit 1,332.38	£ per m²/unit £256.00	Value £341,089
Description Ground floor workshop	Area m²/unit 1,228.38	£ per m²/unit £192.00	Value £235,849
Description Ground floor workshop	Area m²/unit 3,065.18	£ per m²/unit £224.00	Value £686,600
Description Ground floor production area	Area m²/unit 7,968	£ per m²/unit £224.00	Value £1,784,832
Description Ground floor production area	Area m²/unit 2,362.5	£ per m²/unit £224.00	Value £529,200
Description Ground floor production area	Area m²/unit 2,158	£ per m²/unit £272.00	Value £586,976
Description Ground floor production area	Area m²/unit 2,127	£ per m²/unit £272.00	Value £578,544
Description Ground floor production area	Area m²/unit 2,904	£ per m²/unit £272.00	Value £789,888
Description Ground floor production area	Area m²/unit 635	£ per m²/unit £272.00	Value £172,720
Description Ground floor production area	Area m²/unit 3,079	£ per m²/unit £272.00	Value £837,488
Description Ground floor production area	Area m²/unit 3,302	£ per m²/unit £272.00	Value £898,144
Description Ground floor production area	Area m²/unit 3,082	£ per m²/unit £272.00	Value £838,304
Description Ground floor production area	Area m²/unit 1,692	£ per m²/unit £272.00	Value £460,224
Description Ground floor production area	Area m²/unit 1,684	£ per m²/unit £272.00	Value £458,048
Description Ground floor workshop	Area m²/unit 603.71	£ per m²/unit £224.00	Value £135,231
Description Ground floor workshop	Area m²/unit 301.95	£ per m²/unit £224.00	Value £67,637
Description Ground floor workshop	Area m²/unit 427.01	£ per m²/unit £224.00	Value £95,650
Description First floor workshop	Area m²/unit 347.07	£ per m²/unit £223.97	Value £77,733
Description Ground floor gatehouse	Area m²/unit 18.92	£ per m²/unit £192.00	Value £3,633
Description Ground floor gatehouse	Area m²/unit 114.21	£ per m²/unit £192.00	Value £21,928
Description Ground floor external storage	Area m²/unit 1,315	£ per m²/unit £159.98	Value £210,374
Description Ground floor production area	Area m²/unit 11,406	£ per m²/unit £320.00	Value £3,649,920
Description Ground floor production area	Area m²/unit 3,246.12	£ per m²/unit £320.00	Value £1,038,758
Description Ground floor internal storage	Area m²/unit 41.8	£ per m²/unit £160.00	Value £6,688
Description Ground floor internal storage	Area m²/unit 53.9	£ per m²/unit £160.00	Value £8,624
Description Ground floor internal storage	Area m²/unit 4.5	£ per m²/unit £160.00	Value £720
Description Ground floor internal storage	Area m²/unit 10.12	£ per m²/unit £160.00	Value £1,619
Description Ground floor staff toilets	Area m²/unit 75.9	£ per m²/unit £192.00	Value £14,573
Description Ground floor production area	Area m²/unit 3,246.12	£ per m²/unit £320.00	Value £1,038,758
Description Ground floor internal storage	Area m²/unit 91.2	£ per m²/unit £160.00	Value £14,592
Description Ground floor internal storage	Area m²/unit 104.88	£ per m²/unit £160.00	Value £16,781
Description Ground floor internal storage	Area m²/unit 20.52	£ per m²/unit £160.00	Value £3,283
Description Ground floor workshop	Area m²/unit 1,506.4	£ per m²/unit £224.00	Value £337,434
Description Ground floor area under supported floor	Area m²/unit 2,903.6	£ per m²/unit £159.96	Value £464,460
Description Ground floor internal storage	Area m²/unit 55	£ per m²/unit £160.00	Value £8,800
Description Mezzanine floor internal storage	Area m²/unit 1,506.4	£ per m²/unit £64.00	Value £96,410
Description Ground floor production area	Area m²/unit 3,305.61	£ per m²/unit £320.00	Value £1,057,795
Description Ground floor plant room	Area m²/unit 122.3	£ per m²/unit £160.00	Value £19,568
Description Ground floor plant room	Area m²/unit 103.58	£ per m²/unit £160.00	Value £16,573
Description Ground floor workshop	Area m²/unit 1,543.5	£ per m²/unit £224.00	Value £345,744
Description Ground floor staff toilets	Area m²/unit 178.52	£ per m²/unit £192.00	Value £34,276
Description Ground floor plant room	Area m²/unit 37.5	£ per m²/unit £192.00	Value £7,200
Description Ground floor internal storage	Area m²/unit 16.32	£ per m²/unit £320.00	Value £5,222
Description Mezzanine floor workshop	Area m²/unit 1,543.5	£ per m²/unit £112.00	Value £172,872
Description Ground floor area under supported floor	Area m²/unit 1,543.5	£ per m²/unit £201.60	Value £311,170
Description Ground floor production area	Area m²/unit 1,140.75	£ per m²/unit £320.00	Value £365,040
Description Ground floor production area	Area m²/unit 11,259.86	£ per m²/unit £320.00	Value £3,603,155
Description First floor office	Area m²/unit 268.98	£ per m²/unit £422.40	Value £113,617
Description First floor internal storage	Area m²/unit 258.6	£ per m²/unit £208.00	Value £53,789
Description Second floor office	Area m²/unit 1,372.29	£ per m²/unit £422.40	Value £579,655
Description Third floor office	Area m²/unit 1,371.29	£ per m²/unit £422.40	Value £579,233
Description Ground floor production area	Area m²/unit 1,587	£ per m²/unit £320.00	Value £507,840
Description Ground floor production area	Area m²/unit 1,587	£ per m²/unit £320.00	Value £507,840
Description Ground floor office	Area m²/unit 747.41	£ per m²/unit £422.40	Value £315,706
Description First floor office	Area m²/unit 745.03	£ per m²/unit £422.40	Value £314,701
Description Second floor office	Area m²/unit 759.04	£ per m²/unit £422.40	Value £320,618
Description Ground floor plant room	Area m²/unit 317.11	£ per m²/unit £192.00	Value £60,885
Description Ground floor production area	Area m²/unit 3,291.88	£ per m²/unit £320.00	Value £1,053,402
Description Ground floor staff toilets	Area m²/unit 99.21	£ per m²/unit £192.00	Value £19,048
Description Ground floor plant room	Area m²/unit 171.53	£ per m²/unit £192.00	Value £32,934
Description Ground floor production area	Area m²/unit 4,299	£ per m²/unit £320.00	Value £1,375,680
Description Ground floor plant room	Area m²/unit 165.98	£ per m²/unit £192.00	Value £31,868
Description Ground floor plant room	Area m²/unit 165.98	£ per m²/unit £192.00	Value £31,868
Description Ground floor office	Area m²/unit 748.8	£ per m²/unit £422.40	Value £316,293
Description First floor office	Area m²/unit 748.8	£ per m²/unit £422.40	Value £316,293
Description Second floor office	Area m²/unit 748.8	£ per m²/unit £422.40	Value £316,293
Description Ground floor plant room	Area m²/unit 22.08	£ per m²/unit £192.00	Value £4,239
Description Ground floor restaurant	Area m²/unit 1,123.58	£ per m²/unit £384.00	Value £431,455
Description Mezzanine floor workshop	Area m²/unit 449.03	£ per m²/unit £112.00	Value £50,291
Description Mezzanine floor workshop	Area m²/unit 514.5	£ per m²/unit £112.00	Value £57,624
Description Ground floor workshop	Area m²/unit 4,597.87	£ per m²/unit £224.00	Value £1,029,923
Description Ground floor production area	Area m²/unit 4,422	£ per m²/unit £320.00	Value £1,415,040
Description Ground floor external storage	Area m²/unit 608.88	£ per m²/unit £228.00	Value £138,825
Description Ground floor external storage	Area m²/unit 522.32	£ per m²/unit £228.00	Value £119,089
Description Ground floor external storage	Area m²/unit 1,895.32	£ per m²/unit £228.00	Value £432,133
Description Ground floor external storage	Area m²/unit 985.54	£ per m²/unit £228.00	Value £224,703
Description Ground floor external storage	Area m²/unit 973.63	£ per m²/unit £228.00	Value £221,988
Description Ground floor external storage	Area m²/unit 1,991	£ per m²/unit £228.00	Value £453,948
Description Ground floor external storage	Area m²/unit 1,152	£ per m²/unit £228.00	Value £262,656
Description Ground floor external storage	Area m²/unit 964.71	£ per m²/unit £228.00	Value £219,954
Description Ground floor external storage	Area m²/unit 589.91	£ per m²/unit £228.00	Value £134,499
Description Ground floor external storage	Area m²/unit 397.37	£ per m²/unit £228.00	Value £90,600
Total	Area m²/unit 134,098.93	£ per m²/unit	Value £37,133,630

Additional details

Description	Area m²/unit	£ per m²/unit	Value
Description Storage container	Area m²/unit 4645	£ per m²/unit £20.00	Value £92,900
Description Hard surfaced, unfenced land	Area m²/unit 152962.7	£ per m²/unit £0.00	Value £0
Total	Area m²/unit	£ per m²/unit	Value £92,900

Plant and machinery

Description	Value
Plant and machinery	£28,291
Total	£28,291

Valuation

Total value	£37,254,821
Rateable value (rounded down)	£37,250,000

Help with previous valuation

You want to change something in this valuation

You can tell the Valuation Office Agency (VOA) that:

• your property details (such as floor area sizes and parking) need changing
• you think your rateable value is too high

You need a business rates valuation account to tell the VOA yourself or appoint an agent to do it for you.

How to use a business rates valuation account

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

£37,250,000 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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• rateable values
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Email address: ccaservice@voa.gov.uk