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Valuation of Restaurants

Journal of Property Valuation and Investment

ISSN: 0960-2712

Article publication date: 1 March 1991

Abstract

Considers the close regard that must be paid to the legal framework within which restaurants must operate, particularly town planning, licensing and other statutory controls. Queries the traditional ‘zoning′ approach and prefers a more universally applicable overall approach. Concludes that valuation on a direct comparison basis with nearby retail units often results in a value that bears no relationship to the reality of the market place for a specialised type of property.

Keywords

Citation

Aarons, L. (1991), "Valuation of Restaurants", Journal of Property Valuation and Investment, Vol. 9 No. 3, pp. 241-246. https://doi.org/10.1108/EUM0000000003301

Publisher

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MCB UP Ltd

Copyright © 1991, MCB UP Limited