Factors affecting the valuation
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An operational petrol filling station is required to hold a petroleum licence, which is issued by the local Petroleum Enforcement Authority (PEA). In addition, the operator must hold, among other requirements:
up-to-date tank and line tests
vapour recovery certificates
fire risk assessments and
DSEAR (Dangerous Substances and Explosives Atmosphere Regulations 2002) assessments and discharge licences,
Government legislation has...
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