Is the profits-method valuation a thing of the past?

Gillham, Barry

Is the profits-method valuation a thing of the past? - 2005 - Journal of Retail and Leisure Property 4(2) March 2005, 164-173(10) .

This paper concerns some recent important arbitration decisions. In essence, two of these backed the profits-method valuation for: (a) an out of town purpose-built food pub; (b) a fully fitted city centre unit, built as a public house and with a use clause restricted to public house or wine bar. The third arbitration case concerned a town centre A3 unit, where the arbitrator favoured an approach based upon an analysis on a gross internal area basis but said he could have been persuaded to consider profits if better evidence of fair maintainable trade had been produced. [Taken from journal abstract].