Is my fit-out rentalised at review?

Usually it should be disregarded, but the wording of the disregards clause decides it — and landlords often argue otherwise.

Do you handle multi-site F&B portfolios?

Yes, including national operators across the UK and Ireland.

How are restaurant and bar rents assessed?

By reference to comparable A3/A4-type lettings, overall or zoned depending on the unit, with weight given to covers, kitchen and extraction provision, outside space and licensing.

Is a turnover rent a good idea?

It can be, if the base rent is genuinely low, the audit provisions are fair and the definition of turnover excludes items such as VAT, delivery commissions and staff meals.

What about dilapidations on a heavily fitted unit?

Exposure can be significant because reinstatement of kitchens, extraction and shopfronts is expensive. A schedule of condition and a clear reinstatement position at the outset limit it.

Can you advise on exiting a site that no longer trades?

Yes — break notices, surrender negotiations, assignment and dilapidations are handled together so the total cost of exit is known before you commit.

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.

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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.

Common questions

Is my fit-out rentalised at review?: Usually it should be disregarded, but the wording of the disregards clause decides it — and landlords often argue otherwise.
Do you handle multi-site F&B portfolios?: Yes, including national operators across the UK and Ireland.
How are restaurant and bar rents assessed?: By reference to comparable A3/A4-type lettings, overall or zoned depending on the unit, with weight given to covers, kitchen and extraction provision, outside space and licensing.
Is a turnover rent a good idea?: It can be, if the base rent is genuinely low, the audit provisions are fair and the definition of turnover excludes items such as VAT, delivery commissions and staff meals.
What about dilapidations on a heavily fitted unit?: Exposure can be significant because reinstatement of kitchens, extraction and shopfronts is expensive. A schedule of condition and a clear reinstatement position at the outset limit it.
Can you advise on exiting a site that no longer trades?: Yes — break notices, surrender negotiations, assignment and dilapidations are handled together so the total cost of exit is known before you commit.

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Live assistant — leisure & f&b

Ask anything about this topic and get an immediate answer drawn from this page. General guidance only — specific advice depends on your lease.

Talk it through

Initial advice is free — tenant side only.

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

chris@mcgarrigle.com

Related guides

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A rent review surveyor acting for tenants only — no landlord instructions, no conflicts. Evidence-led negotiation across retail, leisure and F&B.