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.
Failure to do your due diligence properly can have legal and financial implications in the future.
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.
Highest and best use of a property
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.
Owning or buying a property can be very complicated in a changing market. Right property management policies and goals should always be monitored. So what are your plans and goals for the next year? Do you have the right property strategies? What are your options?