faqs.org » Abstracts Index » Abstracts » Real estate industry

A teetotal conversion

Article Abstract:

Public houses are being sold by their owners for conversion into homes when they are no longer profitable. In village locations permission to convert public houses into residential accommodation will be partly dependent on the function served by the facility to the whole village. Government planning polices support the maintenance of services such public houses as being in the public interest. The value of the building as a public house should be contrasted to the possible gains from a sale minus any payments required to tenants who will need to vacate the property.

Laws, regulations and rules, House selling, Home selling, Design and construction, Planning

---

Bohemian specials on the menu

Article Abstract:

Significant opportunities are arising for private operators in the UK licensed leisure market as the largest brewers scale down their expansion plans. Innovative operators are being nurtured by landlords who wish to create an attractive mix of tenants and who recognize that these operators are willing to work very hard to create the best possible atmosphere. This trend is being seen at the Triangle, a retail restaurant and bar scheme in the centre of Manchester, England, and at the Mailbox, a mixed-use scheme on the canalside in Birmingham, England.

Column, Leisure industry, Buildings and facilities, Hospitality industry

---

Time gentlemen please

Article Abstract:

Rental valuations within the public house sector are based on turnover and not on square footage. The turnover method results in inconsistencies for the various types of pubs, depending on their location and proximity to other pubs. A common method of valuation should be adopted. Drive-thru restaurants and fast-food establishments are both valued on a per square foot basis. Public houses should be valued as other leisure facilities are.

Standards, Valuation, Rents (Property)

Some parts © 2012 Advameg, Inc.