Garden centres
Garden centre values vary substantially depending on size, location, town planning consent, and potential.
Valuers require a detailed knowledge of the trading patterns and potential of garden centres and plant centres, including an understanding of regional demand.
Valuation complexity depends on the nature of the business. In addition to retail plant sales, the product range provided by garden centres now includes furniture, barbeques, country clothing, gifts and Christmas products. There may also be concessions for pet sales, aquatics, conservatories, garden machinery, farm shops/food halls, coffee shops, restaurants and spas.
Garden centre valuers need to consider the market and analyse the factors that determine value. Worked examples illustrating key variables can assist when carrying out a valuation.
This section is maintained by Simon Quinton Smith of Quinton Edwards.
Related content
RICS standards: Red Book Global Standards VPGA 4 Valuation of individual trade related properties
Document template: Garden centres valuation checklist