Written in relation to property in England and Wales, this note offers detailed guidance on the capital and rental valuation of public houses, bars, restaurants and nightclubs.

Topics covered include:

  • A summary of the statutory issues that impact on the use of licensed property
  • An outline of the approach to market analysis, interpreting comparables and other factors affecting valuation
  • An explanation of the profits method of valuation
  • An outline of the approach to the assessment of market rent, with an indication of common lease terms, and the state of the market at the valuation date, which may need consideration
  • Guidance on the tied lease market for public houses with specific reference to the landlord’s Code of Practice for the operation of its tied properties
  • Guidance on valuations for investment and secured lending

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