Commercial Property Valuations Commercial Property Valuations Commercial Property Valuations Australian Valuers have a strong reputation in providing quality commercial valuation advice within an agreed time frame. We draw on decades of experience; together with state of the art technology and systems to allow for a premium service to our clients. Industrial, Retail and Commercial Certified Property Valuers We have specialist trained valuers to provide valuation advice across the industrial, retail and commercial property sectors. Service Areas Include: Brisbane and surrounding areas, Ipswich, Gold Coast, Sunshine Coast, Newcastle and Byron Bay. To obtain a quote or for initial advice, please call us on 1800 664 094, or email on admin@australianvaluers.com.au Tel: 1800 664...
3 Top Tips to Add Value to Your Commercial Property 3 Top Tips to Add Value to Your Commercial Property 3 Top Tips to Add Value to Your Commercial Property Commercial real estate investments create lucrative opportunities for those active in the market. It is vital to ensure you get the best valuation of your commercial property. In order to ensure the best valuation for your commercial property, here are a few ways to add value to the property… Making structural and cosmetic changes – It’s one of the most common ways to add value but if it’s done right, your investment will benefit. Adding square footage to your property and increasing the rentable square footage are just a couple of examples. Minimise expenses – The value of a property is calculated on its profitability. By reducing expenses such as electricity and utilities, a property can increase profitability without impacting leasing operations. Maintain leasing appeal – a vacant building can decrease the value of a property dramatically. By maintaining the property’s appeal and keeping tenant relationships harmonious, you can easily retain property value as well as tenants. If you have a commercial property that requires a valuation please don’t hesitate to contact us. Tel: 1800 664...
Sunshine Coast Commercial Office Update Nov-2014 Sunshine Coast Commercial Office Update Nov-2014 General The Sunshine Coast recorded the third highest improvement in vacancy of any market in the country, and along with the Gold Coast was one of only six markets to record a positive vacancy shift over the period, Queensland Executive Director of the Property Council of Australia Kathy Mac Dermott says. Vacancies After recording a 0.5% vacancy increase between 2012 and 2013, the Sunshine Coast has experienced a decrease from 14.1% to 12.3% in the most recent report. This is due to 2,185 square metres of net absorption and 700 square metres of withdrawals. Rents Effective rents have continued to struggle especially for B & C grade stock around Maroochydore with incentives of typically two to three months on a three year lease. A grade stock is still in demand and has held its rental level reasonable well. Face rents within the main centres A Grade – $280-350/sqm, B&C Grade – $180-$270/sqm Yields Prime yields ranging from 7.5%-8.5% and secondary yields at 8.5% and above. Supply There is a considerable supply of secondary (B&C Grade) stock throughout the Sunshine Coast; however the overall vacancy is decreasing. Demand There is limited demand for secondary stock, which is reflected in capital values and face rents. A grade stock is still sort after especially within the main strips and hospital precinct of Kawana. Future Value Forecast Given the overall slowdown and regression of property values on the Sunshine Coast within the last 6 years, we would expect future value trends to be slowly recovering. This slow moving correction is evident by the sharp decline in the vacancy rate, which should continue to...