Leisure & F&B

Leisure and food and beverage units are valued differently from shops. Fit-out cost, extraction, covers, licensing and trade potential all shape the rent, and generic retail comparables rarely tell the right story.

Leisure & F&B — tenant-side advice from Chris McGarrigle MRICS
3 min readTenant side onlyChris McGarrigle MRICS

Valuation issues that matter

  • Tenant's fit-out and plant — what must be disregarded at review
  • Extraction, servicing and plant capacity as rental drivers
  • Turnover rents, caps and audit provisions
  • Licensing hours and their effect on value
  • Terminal dilapidations on heavily fitted units

Exit and restructuring

Where a site no longer trades, break notices, surrender negotiations and dilapidations strategy are handled together so the total cost of leaving is known before any commitment is given.

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Chris McGarrigle MRICS, chartered since 1989, acting for occupiers across England, Scotland, Northern Ireland and Ireland.

chris@mcgarrigle.com

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