CBD landlords are feeling the impact of increased land tax as a result of two years of booming development site sales. This has led local councils to reevaluate land values right across the board. Location will obviously dictate just how much of an increase you will be hit with. The state average for 2016 was.
People often associate a “Property Condition Report” (PCR) with residential leasing. Not so. At HKC Property Consultants we will always recommend to our clients that they activate a strong and binding PCR for their commercial property interests. It resolves many a dispute between owner and tenant, thereby protecting your valuable investment. Interpretation Often what.
The recent downturn in retail spending as a result of online competition and changing consumer habits has brought into focus the impact on retail landlords and their tenants. Online shopping has brought about major structural changes in the market and this has flowed on to spending behaviour and patterns. The impact on retailers, who have.
With the decline of the residential property market, is now the best time to invest in commercial real estate? The evidence suggests it may well be. Residential market prices across Australia are currently experiencing a drop in value. Melbourne dwellings alone are down 5.2 per cent since the market peaked last December. Speculators are predicting.
Stable tenants, uninterrupted cash flow and excellent ROI – it’s what every commercial landlord wants. And in a buoyant market, it’s what you should be getting. But what happens when the going gets tough and the market takes a downturn? And your tenant’s business is starting to look a little shaky? Communicate early and often.
The face of the local shopping is changing. Anyone walking down Chapel St, Melbourne’s most celebrated retail strip, will notice – the fashion boutiques are closing. With over 40 vacant commercial properties available for lease on Chapel St right now, one could be forgiven for thinking that nobody buys clothing anymore. But that simply isn’t.
Managing your own commercial property? Tired of chasing tenants, managing paperwork, missing rent or drowning in new legislation? Commercial property management can be a serious hassle, especially if you’re new to it or you’re not sure what to do. Well, guess what? There IS a better way…what you need is a professional commercial property manager..
Variable outgoings in commercial real estate can be a source of much debate. And confusion! As always in commercial property management, it all depends on what you negotiate up front prior to the lease commencing. Clarity is always key to a successful landlord-tenant relationship so we’ve put this article together to help you understand exactly.
We often get asked the question, what do commercial property management fees actually pay for? Well, it’s a good question, one that every prospective landlord should ask themselves, particularly prior to investing or if they are leaving money on the table. The role of a commercial property manager is to provide peace of mind and.
Investing in commercial property is an attractive proposition. Retail shops, factory warehouses and industrial premises generally offer higher rental returns than the domestic market, and crucially, less tenant turnover. The ability to enjoy asset appreciation and earn a passive income with very few headaches looks like a good idea on paper, yet many investors fail.