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Valuation of licensed leisure property (including public houses, bars, nightclubs and restaurants) [Electronic resource]

By: Contributor(s): Language: English Series: RICS Professional StandardPublication details: London, Royal Institution of Chartered Surveyors, April 2025Edition: 2ndDescription: 40pISBN:
  • 9781783215416
Subject(s): Online resources: Summary: This UK professional standard covers the valuation of licensed leisure property (including public houses, bars, nightclubs and restaurants) and is effective from 1 June 2025. The standard should be considered in conjunction with the current edition of Red Book Global Standards, particularly VPGA 4. This standard replaces The capital and rental valuation of public houses, bars, restaurants and nightclubs in England and Wales (2010), which is now withdrawn. This 2nd edition was developed through consultation with relevant industry stakeholders including tenants and owners of licensed leisure property, as well as industry groups and valuers. In a specialist market such as licensed leisure property, the provision and consideration of professional advice can be complex and RICS recommends the use of a qualified professional. Due to regulation relevant to certain parts of the market, it is recognised that this professional standard may also be of interest to non-valuation professionals. Therefore, an introductory section is included at the beginning of the standard specifically for this audience.
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Item type Current library Call number Status
Online material Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) Available

This UK professional standard covers the valuation of licensed leisure property (including public houses, bars, nightclubs and restaurants) and is effective from 1 June 2025.

The standard should be considered in conjunction with the current edition of Red Book Global Standards, particularly VPGA 4.

This standard replaces The capital and rental valuation of public houses, bars, restaurants and nightclubs in England and Wales (2010), which is now withdrawn.

This 2nd edition was developed through consultation with relevant industry stakeholders including tenants and owners of licensed leisure property, as well as industry groups and valuers.

In a specialist market such as licensed leisure property, the provision and consideration of professional advice can be complex and RICS recommends the use of a qualified professional.

Due to regulation relevant to certain parts of the market, it is recognised that this professional standard may also be of interest to non-valuation professionals. Therefore, an introductory section is included at the beginning of the standard specifically for this audience.