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Saturday, February 1, 2020 | History

5 edition of The valuation and development of petrol filling stations found in the catalog.

The valuation and development of petrol filling stations

John Reginald Edward Sedgwick

The valuation and development of petrol filling stations

  • 363 Want to read
  • 4 Currently reading

Published by Estates Gazette in London .
Written in English

    Places:
  • Great Britain.
    • Subjects:
    • Service stations -- Valuation -- Great Britain,
    • Service stations -- Law and legislation -- Great Britain

    • Edition Notes

      Includes legislation.

      Statementby J. R. E. Sedgwick; revised and enlarged by R. W. Westbrook; with revision of the highway chapter and certain other highway matters by J. A. Jackson.
      ContributionsWestbrook, Ronald William., Jackson, J. A., Great Britain.
      Classifications
      LC ClassificationsLAW
      The Physical Object
      Paginationxv, 251 p., fold. plate.
      Number of Pages251
      ID Numbers
      Open LibraryOL5729686M
      ISBN 100900361085
      LC Control Number70505391
      OCLC/WorldCa101111

      Petrol Forecourt Shops provide ideal sites because of the long opening hours typically 7. Definition Rateable Value RV of a tenement shall be an amount equal to the rent at which the tenement might reasonably expected to let, from year to year, if a. Trading policies may be different at different levels of throughput. This method is applicable for large multi-tenant commercial buildings where there a remany leases rolling at different points in time. Filling stations are located on highways and in communities with convenient access roads for automobiles. The trend with later developments was to place the forecourt so as to maximise its prominence on the site.

      Unfortunately, we discovered almost a metre thickness of petrol in the ground beneath much of the property and leading towards the neighbouring pub and river. Guaranteed price related supply agreements are now available from the oil companies only on the basis of substantially reduced margins. Complete the necessary computations to derive economic value indication by the Income Approach. This method is applicable for large multi-tenant commercial buildings where there a remany leases rolling at different points in time. Superstores invested in service stations to attract customers to their stores, as the provision of fuel provided an extra selling point for the store. As the oil companies in the main still ran promotions, distinct from most of the superstores who at this time did not run promotions instead concentrating purely on price, it was unusual to find exactly similar prices but those most seriously affected stations may have been at or close to the superstore price, generally around 1 penny above the price difference representing the average cost of a promotion.

      In addition, there may be ancillary building structures, e. Typical costs for a litre of fuel Below shows an example of approximate breakdown costs which make up a litre of Unleaded at Single or multiple fuel tanks are usually deployed underground. The "Big Four" supermarket chains, MorrisonsSainsburysAsda and Tescoall operate filling stations, as well as some of the smaller supermarkets such as The Co-operative Group and Waitrose.


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The valuation and development of petrol filling stations book

The definition may therefore vary from revaluation to revaluation. Where appropriate they should then be reflected in the valuation scheme. Premium brand stations accept credit cardsoften issue their own company cards fuel cards or fleet cards and may charge higher prices.

The analysis can be divided into petrol and diesel throughputs, the two then added to arrive at the estimated RV for the station. In utilizing this approach, the net income is capitalized at a rate commensurate with what is demanded by the investor to arrive at an estimate value.

Such cost effective and expedient information can swiftly help developers screen portfolios and decide whether to proceed with individual purchases. In making the necessary judgements a tenant would clearly see a number of small accounts as being more secure than a single large account.

Save statistic in. If a FOR has not been returned or does not include a minimum of 2 years throughput i. The forecourt is the part of a filling station where vehicles are refueled. The trend with later developments was to place the forecourt so as to maximise its prominence on the site.

Modern gas stations have pay-at-the-pump functions: in most cases credit, debitATM cards, fuel cards and fleet cards are accepted. Local regulations and environmental concerns may require a different method, with some stations storing their fuel in container tanks, entrenched surface tanks or unprotected fuel tanks deployed on the surface.

The rental value of any bunkered fuel income, low margin fuel card income, non-forecourt buildings, such as showrooms and workshops, non-rateable plant, car-washes and forecourt shops should then be stripped out at appropriate levels.

Much of the rise in the superstores share of the retail petrol market can be traced back to the summer of and the start of the Gulf War. It will also help maximise profits. Therefore any quoted customer account levels which appear unrealistic should be verified. That difference in price represents the retail margin.

Rating Manual section 6 part 3: valuation of all property classes

The price that the dealer pays is set on the signing of the agreement and generally is linked to the volume of fuel the site sells, and increasingly to the price of two or three competitor sites in the area the marker sites.

Over the years it has been suggested that the throughputs of forecourts occupied by certain retailer operators, reflect an element of personal volume and that, trading under a different pole sign, throughput would be reduced.

Tenement means any land including land covered with water or any building structure or holding or under any license. Forecourt shops today range from small kiosks, through to shops selling basic motoring needs plus confectionery tobacco and soft drinks, up to convenience type stores of approx.

The agreement is between the oil company and the fleet operator, the fleet operator paying the oil company direct. The most logical approach to valuing bunkered fuel is to mirror the scheme adopted for valuing petrol filling stations and value bunkering by reference to throughput.

In my experience, large numbers of disused petrol stations in the UK are not seriously contaminated. The amount of trade from motorists can be directly related to petrol sales and consequently such shop value is likely to increase with throughput of petrol.Revaluation Industrial Properties Committee.

Practice Note Valuation of Petrol Filling Stations. Introduction This Practice Note applies to the valuation of all Petrol Filling Stations (PFS), inclusive of standalone sites and those assessed with.

Sep 27,  · Everything you need to know about opening a petrol station franchise in South Africa – including costs. or stopping for a quick meal while filling up with fuel allows service stations to.

Filling Station and finally Best Practices for Managing Operation Risk in Petroleum Filling Station. The study adapted a descriptive quantitative research design.

A sample of was selected from a population of Petroleum Filling Stations. The tool for collecting data was the questionnaires.

Some countries have only one brand of filling station. In Mexico, where the oil industry is state-owned and prices are regulated, the country's main operator of filling stations is hildebrandsguld.com Malaysia, Shell is the dominant player by number of stations, with government-owned Petronas coming in second.

In Indonesia, the dominant player by number of stations is the government-owned Pertamina. Valuer-General Victoria and Municipal Group of Valuers Guidelines on Valuation Methodology for Petrol Stations Introduction These guidelines are to be used when valuing Petrol Stations for rating and taxation purposes.

The guidelines need to be used in conjunction with the General Provisions for Specialist. Brokerage: Our specialist Petroleum and Automotive brokerage team is experienced in undertaking freehold and leasehold acquisitions, including existing petrol filling stations or sites where the location would suit development.

We dispose of leasehold and freehold interests at the optimum point in a property’s lifecycle, based on constant.