Property

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

Contents

Valuation

The government has introduced a support package worth £4.3 billion over the next three years to protect ratepayers seeing their bills increase because of the revaluation. If you previously received Small Business Rates Relief, Rural Rate Relief, the Supporting Small Business scheme or Retail, Hospitality and Leisure relief, you may be eligible for the Supporting Small Business scheme, which caps your bill increases. Further details can be found here.

Current rateable value (26 July 2023 to present)

£28,070,000

This is the rateable value for the property. It is not what you pay 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: 9 July 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 office	Area m²/unit 5,123.59	£ per m²/unit £198.00	Value £1,014,471
Description Ground floor office	Area m²/unit 1,011.98	£ per m²/unit £150.00	Value £151,797
Description Ground floor office	Area m²/unit 542.24	£ per m²/unit £150.00	Value £81,336
Description Ground floor office	Area m²/unit 488.99	£ per m²/unit £198.00	Value £96,820
Description Ground floor office	Area m²/unit 1,711.39	£ per m²/unit £198.00	Value £338,855
Description Ground floor workshop	Area m²/unit 1,903.45	£ per m²/unit £150.00	Value £285,518
Description Ground floor area under supported floor	Area m²/unit 756.93	£ per m²/unit £90.00	Value £68,124
Description Ground floor office	Area m²/unit 1,554.56	£ per m²/unit £180.00	Value £279,821
Description Ground floor workshop	Area m²/unit 3,092.39	£ per m²/unit £150.00	Value £463,859
Description Ground floor workshop	Area m²/unit 612.54	£ per m²/unit £35.00	Value £21,439
Description Ground floor workshop	Area m²/unit 539.82	£ per m²/unit £35.00	Value £18,894
Description Ground floor workshop	Area m²/unit 2,278.45	£ per m²/unit £320.00	Value £729,104
Description Ground floor workshop	Area m²/unit 2,270.26	£ per m²/unit £320.00	Value £726,483
Description Ground floor workshop	Area m²/unit 2,270.26	£ per m²/unit £320.00	Value £726,483
Description Ground floor workshop	Area m²/unit 117.98	£ per m²/unit £320.00	Value £37,754
Description Ground floor workshop	Area m²/unit 2,167.16	£ per m²/unit £150.00	Value £325,074
Description Ground floor workshop	Area m²/unit 2,135.18	£ per m²/unit £150.00	Value £320,277
Description Ground floor workshop	Area m²/unit 2,904.01	£ per m²/unit £200.00	Value £580,802
Description Ground floor workshop	Area m²/unit 635	£ per m²/unit £230.00	Value £146,050
Description Ground floor workshop	Area m²/unit 3,062.18	£ per m²/unit £150.00	Value £459,327
Description Ground floor workshop	Area m²/unit 3,394.96	£ per m²/unit £150.00	Value £509,244
Description Ground floor workshop	Area m²/unit 3,088.21	£ per m²/unit £150.00	Value £463,232
Description Ground floor workshop	Area m²/unit 1,873.76	£ per m²/unit £150.00	Value £281,064
Description Ground floor workshop	Area m²/unit 1,595.01	£ per m²/unit £150.00	Value £239,252
Description Ground floor workshop	Area m²/unit 9,889.36	£ per m²/unit £150.00	Value £1,483,404
Description Ground floor area under supported floor	Area m²/unit 659.97	£ per m²/unit £68.25	Value £45,043
Description Mezzanine floor workshop	Area m²/unit 659.97	£ per m²/unit £36.75	Value £24,254
Description Ground floor workshop	Area m²/unit 2,587.16	£ per m²/unit £150.00	Value £388,074
Description Ground floor area under supported floor	Area m²/unit 1,891.67	£ per m²/unit £90.00	Value £170,250
Description Mezzanine floor office	Area m²/unit 1,882.09	£ per m²/unit £180.00	Value £338,776
Description Ground floor workshop	Area m²/unit 32.5	£ per m²/unit £75.00	Value £2,438
Description Ground floor gatehouse	Area m²/unit 158.14	£ per m²/unit £90.00	Value £14,233
Description Ground floor workshop	Area m²/unit 9,377.4	£ per m²/unit £320.00	Value £3,000,768
Description Ground floor workshop	Area m²/unit 205.27	£ per m²/unit £160.00	Value £32,843
Description Ground floor workshop	Area m²/unit 1,170.76	£ per m²/unit £320.00	Value £374,643
Description Ground floor workshop	Area m²/unit 4,192.78	£ per m²/unit £320.00	Value £1,341,690
Description Ground floor workshop	Area m²/unit 136.42	£ per m²/unit £160.00	Value £21,827
Description Ground floor workshop	Area m²/unit 3,284.1	£ per m²/unit £320.00	Value £1,050,912
Description Ground floor workshop	Area m²/unit 226.52	£ per m²/unit £160.00	Value £36,243
Description Ground floor workshop	Area m²/unit 1,583.31	£ per m²/unit £320.00	Value £506,659
Description Ground floor workshop	Area m²/unit 121.92	£ per m²/unit £160.00	Value £19,507
Description Ground floor workshop	Area m²/unit 99.9	£ per m²/unit £160.00	Value £15,984
Description Ground floor workshop	Area m²/unit 1,594.72	£ per m²/unit £320.00	Value £510,310
Description Ground floor workshop	Area m²/unit 1,971.83	£ per m²/unit £35.00	Value £69,014
Description Ground floor workshop	Area m²/unit 3,192.39	£ per m²/unit £320.00	Value £1,021,565
Description Ground floor workshop	Area m²/unit 236.6	£ per m²/unit £160.00	Value £37,856
Description Ground floor workshop	Area m²/unit 1,585.07	£ per m²/unit £320.00	Value £507,222
Description Ground floor area under supported floor	Area m²/unit 1,564.31	£ per m²/unit £208.00	Value £325,376
Description Mezzanine floor workshop	Area m²/unit 1,564.31	£ per m²/unit £112.00	Value £175,203
Description Ground floor workshop	Area m²/unit 209	£ per m²/unit £160.00	Value £33,440
Description Ground floor workshop	Area m²/unit 8,217.33	£ per m²/unit £320.00	Value £2,629,546
Description Ground floor workshop	Area m²/unit 205.27	£ per m²/unit £160.00	Value £32,843
Description Second floor office	Area m²/unit 1,203.83	£ per m²/unit £422.40	Value £508,498
Description Second floor workshop	Area m²/unit 205.37	£ per m²/unit £160.00	Value £32,859
Description Third floor office	Area m²/unit 1,264.03	£ per m²/unit £422.40	Value £533,926
Description Ground floor workshop	Area m²/unit 3,259.82	£ per m²/unit £320.00	Value £1,043,142
Description Ground floor workshop	Area m²/unit 305.64	£ per m²/unit £160.00	Value £48,902
Description Ground floor office	Area m²/unit 2,185.86	£ per m²/unit £422.40	Value £923,307
Description Ground floor workshop	Area m²/unit 3,264.44	£ per m²/unit £320.00	Value £1,044,621
Description Ground floor workshop	Area m²/unit 230.32	£ per m²/unit £160.00	Value £36,851
Description Ground floor workshop	Area m²/unit 4,622.52	£ per m²/unit £320.00	Value £1,479,206
Description Ground floor workshop	Area m²/unit 236.36	£ per m²/unit £160.00	Value £37,818
Description Ground floor office	Area m²/unit 2,117.53	£ per m²/unit £320.00	Value £677,610
Description Ground floor workshop	Area m²/unit 4,417.91	£ per m²/unit £150.00	Value £662,687
Description Ground floor office	Area m²/unit 2,292.06	£ per m²/unit £422.40	Value £968,166
Description Ground floor workshop	Area m²/unit 603.03	£ per m²/unit £35.00	Value £21,106
Description Ground floor workshop	Area m²/unit 267.71	£ per m²/unit £35.00	Value £9,370
Description Ground floor office	Area m²/unit 810.03	£ per m²/unit £150.00	Value £121,505
Description Ground floor workshop	Area m²/unit 1,016.52	£ per m²/unit £35.00	Value £35,578
Description Ground floor workshop	Area m²/unit 1,016.52	£ per m²/unit £35.00	Value £35,578
Description Ground floor workshop	Area m²/unit 1,979.42	£ per m²/unit £35.00	Value £69,280
Description Ground floor workshop	Area m²/unit 1,196.4	£ per m²/unit £35.00	Value £41,874
Description Ground floor workshop	Area m²/unit 498.63	£ per m²/unit £35.00	Value £17,452
Description Ground floor area under supported floor	Area m²/unit 484.02	£ per m²/unit £22.75	Value £11,011
Description Mezzanine floor workshop	Area m²/unit 466.12	£ per m²/unit £12.25	Value £5,710
Description Ground floor workshop	Area m²/unit 587.85	£ per m²/unit £35.00	Value £20,575
Description Ground floor workshop	Area m²/unit 390.45	£ per m²/unit £35.00	Value £13,666
Description Ground floor workshop	Area m²/unit 1,004.2	£ per m²/unit £35.00	Value £35,147
Description Ground floor workshop	Area m²/unit 1,004.2	£ per m²/unit £35.00	Value £35,147
Description Ground floor workshop	Area m²/unit 379.09	£ per m²/unit £35.00	Value £13,268
Description Ground floor workshop	Area m²/unit 73.83	£ per m²/unit £35.00	Value £2,584
Description Ground floor area under supported floor	Area m²/unit 315.47	£ per m²/unit £22.75	Value £7,177
Description Mezzanine floor workshop	Area m²/unit 315.47	£ per m²/unit £12.25	Value £3,865
Description Ground floor workshop	Area m²/unit 115.05	£ per m²/unit £35.00	Value £4,027
Description Ground floor workshop	Area m²/unit 295.98	£ per m²/unit £320.00	Value £94,714
Total	Area m²/unit 142,056.05	£ per m²/unit	Value £31,171,230

Additional details

Description	Area m²/unit	£ per m²/unit	Value
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 £0

Plant and machinery

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

Adjustments made to property

Description	Adjustment
Permanent disadvantage	-0.10%
Total	£-3,119,952

Valuation

Total value	£28,079,569
Rateable value (rounded down)	£28,070,000

Help with current 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

£28,070,000 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

Compare properties

Compare your property with others like yours and see their:

• rateable values
• rateable value calculations

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If you are having trouble using this service, you can contact us for help.

Email address: ccaservice@voa.gov.uk