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A review of the factors that affect the value of licensed premises

A review of the factors that affect the value of licensed premises The licensed property marked has never been busier. However, it is not one market but several. There is a drive by operators of the big theme pubs to acquire more units in retail trading areas where they compete head‐on with retailers and caterers. Valuations reflect not only the huge profits to be made from these units but also stock market valuations of the companies themselves and the alternative use values of key A1/A3 sites. The traditional tenanted pubs, the town and village “local”, is also in keen demand from expanding specialist companies who need size to be ever more efficient. These companies are in competition with those who wish to provide securitised packages of assets. This paper discusses these trends and the effect that they have on the value and valuation of licensed premises. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Property Valuation and Investment Emerald Publishing

A review of the factors that affect the value of licensed premises

Journal of Property Valuation and Investment , Volume 16 (5): 6 – Dec 1, 1998

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Publisher
Emerald Publishing
Copyright
Copyright © 1998 MCB UP Ltd. All rights reserved.
ISSN
0960-2712
DOI
10.1108/14635789810237655
Publisher site
See Article on Publisher Site

Abstract

The licensed property marked has never been busier. However, it is not one market but several. There is a drive by operators of the big theme pubs to acquire more units in retail trading areas where they compete head‐on with retailers and caterers. Valuations reflect not only the huge profits to be made from these units but also stock market valuations of the companies themselves and the alternative use values of key A1/A3 sites. The traditional tenanted pubs, the town and village “local”, is also in keen demand from expanding specialist companies who need size to be ever more efficient. These companies are in competition with those who wish to provide securitised packages of assets. This paper discusses these trends and the effect that they have on the value and valuation of licensed premises.

Journal

Journal of Property Valuation and InvestmentEmerald Publishing

Published: Dec 1, 1998

Keywords: Licensed premises; Profit valuations; Value

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