Petrol filling stations
A comparatively limited number of open market transactions take place each year and comparable evidence is equally limited. It can be difficult to analyse the evidence and even more difficult to draw direct comparisons. Valuers therefore need to have a detailed understanding of the sector and the market's approach to assessing future trading potential and profitability.
Related RICS standards and guidance: Capital and rental valuation of fuel stations
Related RICS standards and guidance: Comparable evidence in property valuation
Related RICS standards and guidance: RICS Red Book, including VPGA 4 Valuation of individual trade related properties
Related template: Petrol filling station valuation checklist
Related feature: Valuing trading potential