Rating Manual section 5a: valuation of all property classes Bus garages

Fees

Building Cost information is available in the Valuation Office Cost Guide and in the Practice Note relevant to the Rating List under consideration. In the case of a comparatively modern hereditament the Valuation Officer should always examine the actual cost data if available. The modern substitute hereditament to be cost at Stage 1 recognises roofed-over garage space is rarely required and consequently the substitute to be cost will therefore consist of open parking land, which is well surfaced, lit, drained and fenced and only such buildings as are operationally required for maintenance, administration and staff purposes. Where exceptionally roofed over parking is required — for example, for open top buses — a notional area of 30m 2 per bus should be cost at Stage 1.