Laylocks Nurseries, Bromyard Road, WR6 5LP
Garden centre and premises Decided 29 November 2024 CHG100924497 Rabbette Chartered Surveyors
Figures are as stated in the decision; a dash means the document does not state that figure.
What was argued and what the tribunal found
The appellant, a small family-run garden centre, challenged the RV of £58,000, proposing £25,000 based on comparable properties and arguing that the Fair Maintainable Trade (FMT) valuation method was inappropriate for independent operators. The Valuation Officer had valued the property using turnover-based categories and reduced the RV to £51,500 during the challenge stage. The tribunal adopted a compromise position, accepting that the comparables supported a reduction but rejecting the appellant's proposed £15/m² rate as too low when compared against trading multiples at similar properties, determining an RV of £43,000 based on £25/m² for main space.
Summary generated from the decision text and checked against it. The appellant was Laylocks Garden Centre, represented.
Grounds argued
- Rental evidence
- Comparable assessments (tone) · decisive
- Valuation method
- Trading receipts (pubs, hotels)
- Evidence
- Settled assessments, comparable_rents, Trading accounts
- Cases cited
- Lotus and Delta v Culverwell; Dog & Gun Ltd (Oxenhope) v Howarth
- Hearing
- 30 October 2024
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