The impact of the new Licensing Act together with a difficult trading environment and other new legislation on capital and rental values of UK nightclubs
Language: English Series: Journal of Retail and Leisure Property ; 5(4) October 2006, 341-353(13)Publication details: 2006Subject(s): Summary: The nightclub sector has come under pressure from a variety of sectors, and faces increased competition from pubs and bars. This paper discusses the effects of the Licensing Act 2003 and the changes to the Town and Country Planning Order 1987. Also considered are the challenges that the sector faces with the forthcoming ban on smoking in public places. Different types of operations face different challenges, with small and mid-market clubs facing competition from pubs and bars, while super clubs will fair better as they offer a real alternative to late night bars and clubs. As a result of these pressures rental incomes has slowed in some cases, though are unlikely to depreciate. This paper also considers how nightclub premises in England, Scotland and Wales are subject to different legislative frameworks.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Journal article | London Journal article | L135812 (Browse shelf(Opens below)) | 1 | Available | 135812-1001 |
The nightclub sector has come under pressure from a variety of sectors, and faces increased competition from pubs and bars. This paper discusses the effects of the Licensing Act 2003 and the changes to the Town and Country Planning Order 1987. Also considered are the challenges that the sector faces with the forthcoming ban on smoking in public places. Different types of operations face different challenges, with small and mid-market clubs facing competition from pubs and bars, while super clubs will fair better as they offer a real alternative to late night bars and clubs. As a result of these pressures rental incomes has slowed in some cases, though are unlikely to depreciate. This paper also considers how nightclub premises in England, Scotland and Wales are subject to different legislative frameworks.