Valuation of licensed leisure property (including public houses, bars, nightclubs and restaurants)
Published April 2025
Effective from 1 July 2025
This UK professional standard covers the valuation of licensed leisure property (including public houses, bars, nightclubs and restaurants) and is effective from 1 July 2025.
The standard should be considered in conjunction with the current edition of Red Book Global Standards, particularly VPGA 4.
This 2nd edition was developed through consultation with relevant industry stakeholders including tenants and owners of licensed leisure property, as well as industry groups and valuers.
Due to regulation relevant to certain parts of the market, it is recognised that this professional standard may also be of interest to non-valuation professionals. Therefore, an introductory section is included at the beginning of the standard specifically for this audience.