Abstract
This paper deals with the assessment of the rental value of shell condition pub restaurants where located on either retail or leisure parks. Should rental valuation be by reference to either direct floor area comparison or by the profits method? In the virtual absence of market lettings of such properties how is the limited comparable evidence from rent reviews to be compared and contrasted? Two disputed rent review cases in the northwest resulted in independent expert valuer determinations. What were the respective Landlord's and Tenant's arguments? How did the experts determine these cases and what reasons were given? What conclusions may be drawn from the outcome of these cases?
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