Property

Pfizer 32, New Lane, Havant, Hants, PO9 2NG

Contents

Valuation

Previous rateable value (1 April 2017 to 7 January 2020)

£1,570,000

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 Previous 9 December 2021 to 31 March 2023	Effective date 13 September 2021	Rateable value Not available
Valuations Previous 8 January 2020 to 8 December 2021	Effective date 1 August 2017	Rateable value £1,500,000
Valuations Previous 1 April 2017 to 7 January 2020	Effective date 1 April 2017	Rateable value £1,570,000

Valuation details

• Description: Factory and premises
• Local council: Havant
• Local council reference: 00891
• Rating list: 2017
• Effective date: 1 April 2017
• Valuation scheme reference: 434036
• Base rate: £57.00
• Measurement method: Gross internal area
• Transitional relief certificate issued: No
• Special category code: 153S

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 434036 which includes a price for floor areas and property features.

More about how business properties are valued

Factory floor areas

Description	Area m²/unit	£ per m²/unit	Value
Description Ground floor office	Area m²/unit 1,889	£ per m²/unit £34.20	Value £64,604
Description Mezzanine floor internal storage	Area m²/unit 157.87	£ per m²/unit £28.50	Value £4,499
Description Ground floor warehouse	Area m²/unit 5,454	£ per m²/unit £17.10	Value £93,263
Description Ground floor production area	Area m²/unit 4,344	£ per m²/unit £65.84	Value £286,009
Description Ground floor office	Area m²/unit 645.3	£ per m²/unit £75.24	Value £48,552
Description First floor office	Area m²/unit 654.3	£ per m²/unit £75.24	Value £49,230
Description Second floor plant room	Area m²/unit 2,125	£ per m²/unit £22.80	Value £48,450
Description Ground floor warehouse	Area m²/unit 2,661.29	£ per m²/unit £67.63	Value £179,983
Description Ground floor warehouse	Area m²/unit 240	£ per m²/unit £57.00	Value £13,680
Description Ground floor warehouse	Area m²/unit 1,469.77	£ per m²/unit £57.00	Value £83,777
Description Ground floor chill store	Area m²/unit 625.89	£ per m²/unit £68.17	Value £42,667
Description Ground floor office	Area m²/unit 196	£ per m²/unit £75.24	Value £14,747
Description Ground floor internal storage	Area m²/unit 114.58	£ per m²/unit £57.00	Value £6,531
Description Ground floor internal storage	Area m²/unit 222.68	£ per m²/unit £57.00	Value £12,693
Description Ground floor plant room	Area m²/unit 50.05	£ per m²/unit £42.75	Value £2,140
Description Mezzanine floor office	Area m²/unit 581.98	£ per m²/unit £62.70	Value £36,490
Description Mezzanine floor internal storage	Area m²/unit 746.76	£ per m²/unit £28.50	Value £21,283
Description First floor internal storage	Area m²/unit 323.94	£ per m²/unit £37.05	Value £12,002
Description Mezzanine floor office	Area m²/unit 220.48	£ per m²/unit £62.70	Value £13,824
Description Ground floor production area	Area m²/unit 3,960	£ per m²/unit £38.48	Value £152,381
Description First floor production area	Area m²/unit 1,673	£ per m²/unit £33.35	Value £55,795
Description Second floor office	Area m²/unit 1,246.5	£ per m²/unit £75.24	Value £93,787
Description Ground floor office	Area m²/unit 1,293	£ per m²/unit £61.56	Value £79,597
Description First floor canteen	Area m²/unit 911	£ per m²/unit £56.43	Value £51,408
Description Ground floor external storage	Area m²/unit 20.6	£ per m²/unit £38.48	Value £793
Description Ground floor warehouse	Area m²/unit 1,246	£ per m²/unit £57.00	Value £71,022
Description Ground floor gatehouse	Area m²/unit 20	£ per m²/unit £57.00	Value £1,140
Description Ground floor warehouse	Area m²/unit 1,686	£ per m²/unit £62.24	Value £104,937
Description Ground floor external storage	Area m²/unit 22.6	£ per m²/unit £41.68	Value £942
Total	Area m²/unit 34,801.59	£ per m²/unit	Value £1,646,226

Plant and machinery

Description	Value
Plant and machinery	£6,597
Total	£6,597

Adjustments made to property

Description	Adjustment
Divided or split unit	-0.05%
Total	£-82,641

Valuation

Total value	£1,570,182
Rateable value (rounded down)	£1,570,000

Help with previous valuation

You want to change something in this valuation

You can no longer tell the Valuation Office Agency (VOA) about changes to property details (by sending a Check case) for any valuations on the 2017 rating list.

You can tell the VOA you think the rateable value was too high by sending a Challenge case. You must have sent a Check case before 1 April 2023 and (any of these apply):

• you send the Challenge case within 4 months of the Check case decision
• you have waited more than 12 months and not received a Check case decision
• the Challenge case is about a change in the local area (such as long-term roadworks), you send it within 16 months of sending the Check case and you have received our Check case decision

You can also tell the VOA you think the rateable value was too high if (any of these apply):

• the VOA have altered this valuation in the last 6 months
• a court decision affected this property’s rateable value

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 434036 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

£1,570,000 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