In 2009 the NSW State government introduced new affordable rental housing policy. This State Environment Planning Policy – Affordable Rental Housing 2009 (ARHSEPP) was formulated to increased supply and affordability for rental & social housing in New South Wales. This has, in turn, led to increased demand and higher property values for boarding houses.
Many property owners forget that in despite the scarcity of suitable sites, a developer will not pay a sky-high premium. They will simply turn the focus to another location, leaving the Vendor hi and dry. On the other hand, if the property owner has the foresight, they can quickly work around this.
How to negotiate a commercial lease agreement with new tenants? As a landlord, you would need as much information on a prospective new tenant as possible. This would typically include background financial information. Also,...
From the landlord’s side, the demolition clause gives them flexibility. On the other hand, it can be challenging to attract better quality tenants and higher rent.
The question is – how do you price your commercial investment property for the current property market. Having a realistic price on your property as soon as it hits the market is more likely to attract immediate interest. Therefore, when a new property listing comes on the market, there is often curiosity and excitement in the air when priced right.
You have spoken to your business adviser, and now have your business plan and found your ideal property in a prime location for your business. What next? There are now many items you need to understand when considering new premises for lease. Failure to fully understand the requirements of your contract could lead to complicated legal and costly financial implications at a later stage.
Most owners like yourself get the stage of their business when they ask themselves – should I sell my business or keep it.
Napolian Perdis group cosmetic empire with stores across the country in voluntary admistration
Does it have a large customer base? Businesses who rely on fewer larger customers and have a smaller customer base tend to be worth less. On the other hand a business with similar profitability but more customers is generally seen to be worth more.