Glossary of Terms

  • FH (FREEHOLD)
    Actual property included in sale price.
  • LH (LEASEHOLD)
    Actual property not included in sale price but available on lease.
  • SAV
    STOCK AT VALUATION
  • F&F
    FIXTURES & FITTINGS
  • RV (RATEABLE VALUE)
    This is the value placed on the property by the local authority not the rates payable. e.g. Rates Payable for 1999/2000 = R.V. x 41.6 To verify this interested parties should make their own enquiries with the local rating authority to verify the exact amount.
  • RR (RENT REVIEW)
    This applies to leasehold property and states the frequency at which the rent will be reviewed.
  • GP (GROSS PROFIT)
    Before costs.
  • NP (NET PROFIT)
    After costs.
  • TERM
    LENGTH OF LEASE.
  • EXPIRY
    DATE LEASE ENDS.
  • OFFERS INVITED
    These are properties/businesses with no guide price and interested parties should make an offer based on what the property/business is worth to them.