Course Information Undergraduate prospectus

Retail and Leisure Property

Course summary

Course code: LAND1037
Level: 6
Credits: 15
School: Architecture, Computing and Hums
Department: Built Environment
Course Coordinator(s): Mark Daley

Specification

Pre and co requisites

None.

Aims

The option course aims to enable students to:

Appreciate the complex and volatile nature of the leisure property market.
Become familiar with the structure, operation, scope and terminology of the leisure industry.
Appreciate the inter-relationship of property and the leisure product.
Develop an understanding of the leisure property investment market and development process.

Learning outcomes

On completing this course successfully you will be able to:

Investigate the nature and operation of the leisure industry in terms of structural, managerial, trading and financial issues.
Critically examine and report on the inter-relationship between the leisure product and leisure properties.
Show awareness of the impact of statutory controls, licensing and regulating bodies upon leisure property.
Have developed a critical understanding of the leisure development process.

Indicative content

Introduction to the nature of the leisure sector; trends in leisure, types, characteristics, the market in leisure property, providers of leisure property, public and private sector policy. Examination of particular types of leisure property; in depth examination of the range of leisure property.
Appraisal; factors affecting value, valuation methodology, the relationship of trading potential, feasibility studies and market research.
Management and accounting; management structures, operation, trading accounts, management contracts.
Licensing, statutory control and regulating bodies; licences, planning, fire, health and safety regulations, environmental health, quality ratings.
Development process, land acquisition, planning, appraisal and finance, sustainable tourism/leisure development, refurbishment. Investment market; nature of the main players, investment criteria, leasing structures, management contracts, examination of leases/management contracts, research.

Teaching and learning activity

This course combines a series of lectures with group work in class to support the projects which are designed to reflect the work of the leisure valuer in practice. Guest speakers will be invited to address the students.


Learning Time (1 credit = 10 hours)

Scheduled contact hours:

Note: include in scheduled time: project supervision, demonstrations, practical classes and workshops, supervised time in studio or workshop, scheduled lab work , fieldwork, external visits, work-based learning where integrated into a structured academic programme.
lectures 12;
seminars 0;
supervised practical sessions 0;
tutorials 12;
formative assessment 12;
other scheduled time 0;
Guided independent study:

Note: include in guided independent study preparation for scheduled sessions, follow up work, wider reading or practice, revision.
Independent coursework 114;
Independent laboratory work 0;
other non-scheduled time 0;
Placements (including work placement and year abroad) 0;
Total hours (Should be equal to credit x 10) 150.

Assessment

Written Assignments - 2000 words. 100% weighting. 40% pass mark.