Valuation of Former Dairy Farm in Worcestershire: Pension Fund Case Study

We were instructed to value a 2.5-acre former dairy farm comprising steel portal frame agricultural buildings. Limited local comparables meant we undertook extensive market research to provide a robust analysis. 

A key factor was the recent removal of an overage clause restricting development. While this did not immediately increase value, it removed a significant liability for future purchasers. Our advice reflected this nuance, providing a valuation range that accounted for professional fees associated with the clause removal. 

Our clear, evidence-based approach enabled the client to understand the implications and make informed decisions for the future of the asset.