VIP 03 ARCHIVED The Capital and Rental Valuation of Petrol Filling stations in England, Wales and Scotland (2003-October 2012)
Fuel stations are among those types of property generally referred to as 'trade-related property'. They are normally bought and sold having regard to their trading potential. Guidance on the valuation of individual trade related properties in the RICS Red Book considers the criteria to be adopted by valuers when assessing the value of an individual trade-related property.
It relates to a wide range of trade-related property, including fuel stations. The terms defined in that guidance are used in this information paper, which deals with its application to the valuation of fuel stations, including those that are allied to convenience stores or are part of more complex properties such as motorway service areas, where it is assumed that trading will continue. It has been written specifically with regard to the law and practice in England, Wales and Scotland.
Formerly VIP 3, The capital and rental valuation of petrol filling stations in England, Wales and Scotland. The former edition is provided for information purposes only.
The second edition of this document is no longer current but can be referred to as information.
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