Property

6, Lismirrane Industrial Park, Elstree Road, Bushey, Herts, WD6 3EE

Contents

Valuation

Previous rateable value (1 April 2023 to 30 October 2024)

£42,500

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 Current 31 October 2024 to present	Effective date 12 September 2023	Rateable value Not available
Valuations Previous 1 April 2023 to 30 October 2024	Effective date 1 April 2023	Rateable value £42,500
Valuations Previous 1 April 2017 to 31 March 2023	Effective date 1 April 2017	Rateable value £31,000

Valuation details

• Description: Warehouse and premises
• Local council: Hertsmere
• Local council reference: 000892
• Rating list: 2023
• Effective date: 1 April 2023
• Valuation scheme reference: 612529
• Base rate: £150.00
• Measurement method: Gross internal area
• Transitional relief certificate issued: No
• Special category code: 096G

How the rateable value is calculated

The Valuation Office Agency (VOA) uses a ‘rental’ method to value industrial properties like factories, warehouses and workshops.

The VOA gathers information about rents paid for industrial properties. It analyses the information and works out a price per square metre. To get the price per square metre of an individual property, the VOA considers things like property age, location, physical characteristics and features.

The price per square metre is multiplied by the property floor area to get the rateable value.

Plant and machinery, car parking and land that add to the rateable value are shown separately in the valuation.

This property is part of valuation scheme 612529 which includes a price for floor areas and property features.

More about how business properties are valued

Warehouse floor areas

Description	Area m²/unit	£ per m²/unit	Value
Description Ground floor warehouse	Area m²/unit 90.5	£ per m²/unit £146.25	Value £13,236
Description Ground floor area under supported floor	Area m²/unit 29.15	£ per m²/unit £102.38	Value £2,984
Description Mezzanine floor store	Area m²/unit 110.42	£ per m²/unit £73.13	Value £8,075
Description Ground floor office	Area m²/unit 81.1	£ per m²/unit £160.88	Value £13,047
Description Ground floor office	Area m²/unit 12.43	£ per m²/unit £175.50	Value £2,181
Description Mezzanine floor office	Area m²/unit 21.01	£ per m²/unit £146.25	Value £3,073
Total	Area m²/unit 344.61	£ per m²/unit	Value £42,596

Valuation

Total value	£42,596
Rateable value (rounded down)	£42,500

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 a ‘rental’ method to value industrial properties like factories, warehouses and workshops.

The VOA gathers information about rents paid for industrial properties. It analyses the information and works out a price per square metre. To get the price per square metre of an individual property, the VOA considers things like property age, location, physical characteristics and features.

The price per square metre is multiplied by the property floor area to get the rateable value.

Plant and machinery, car parking and land that add to the rateable value are shown separately in the valuation.

This property is part of valuation scheme 612529 which includes a price for floor areas and property features.

More about how business properties are valued

The rateable value and your business rates bill

£42,500 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

Report a problem with this page.

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

Email address: ccaservice@voa.gov.uk