A poll of members of the Association of Valuers of Licensed Property (AVLP) revealed that Brexit is among the biggest challenges facing the pub property industry in the year ahead.
Much has been said and written about the implications of reform of the tenanted and leased pubs market. But, to misquote Mark Twain, reports about the demise of the sector appear to have been greatly exaggerated
Licensees need to be aware of the potentially huge costs of dilapidations but, if maintenance and upkeep of a site is taken care of regularly, there should be little reason to be overly concerned
A pubs code consultant has exclaimed “Bravo Mr Newby” after pubs code adjudicator Paul Newby ruled in favour of the tenant in a market-rent-only (MRO) appeal.
Your knowledge of the pub business and how much money you have to spend are key factors in deciding whether you come into the trade on a tenancy, lease or a freehold. It is crucial to get it right first time
Property valuers believe licensees think their pubs are worth more than they actually are, the market is less buoyant than a year ago and almost all say leasehold prices will not increase in the coming 12 months.
British Beer & Pub Association (BBPA) chief executive Brigid Simmonds has refuted allegations that pubcos have been “dragging their heels” over the pubs code.
Campaigners trying to set up a new pub in Brighton have admitted defeat despite raising £150,000 through crowdfunding, attracting the support of local MP Caroline Lucas and gaining the backing of the lease-holding brewery.
By Kevin Marsh, director of licensed leisure at Savills
A dilapidations bill can be a crippling expense at the end of a tenancy. Can that expense be avoided by something as simple as keeping the pub in a good state of repair?
What’s set to happen to the property market in the next two to three years? Leading property agents give their predictions in light of the Brexit vote and new pubs code legislation giving tenants the ability to break the tie.
