Tuesday, 12 May 2015
You may also be required to purchase some types of insurance. Ask your landlord about the kinds of coverage you need to secure (e.g. general commercial liability coverage, product liability policies, additional protection against calamities) and the minimum amount these policies should cover. A commercial real estate agent and advisor, such as someone from Brett Halvorson & Associates, can show you viable commercial properties for lease within Perth. Under the guidance of these commercial real estate specialists, you can survey your options and secure the lease that best suits your business needs.
Sunday, 10 May 2015
The advantages of owning an industrial property include higher returns and longer lease terms, which entail income stability. Depending on the lease, the lessee may shoulder the cost of property upkeep, thereby allocating a greater portion of the rent to the landlord’s profit. At any rate, thoroughly study your investment property options and their profit potential. Amongst other things, find a property in a good location. Evaluate whether you need to renovate the building or modify its layout or other features to make it more adaptive as times and business needs change. Meanwhile, you can turn to an expert like Brett Halvorson & Associates for help in finding a suitable industrial property for sale in Perth if you are looking to acquire rather than lease commercial space.
Friday, 8 May 2015
A Perth commercial property manager can keep your investment intact and handle your day-to-day tasks with utmost competence. Although it’s always possible to manage your properties on your own, hiring someone else to do it for you can yield numerous benefits, not to mention make your job as a property owner worlds easier. Aside from collecting rent and overseeing repairs, a property manager can market your property, recommend high-return improvements, as well as advise you on insurance decisions. Your property manager will also attend to any issues that may arise so you do not end up with disgruntled tenants and frequent vacancies.
Wednesday, 6 May 2015
Favourable settlement terms can create a win-win situation for both buyer and seller. If multiple terms need to be negotiated, there’s plenty of room for both parties to walk away happy. To get the vendor to accept a lower price, you must be ready to offer something in return, such as a quick settlement. To facilitate the transaction, you will need to locate an experienced Perth real commercial agent whom you find comfortable to work with. Firms such as Brett Halvorson & Associates have plenty of experience in the area, and will be well equipped to help you score big on your next property transaction.
Monday, 4 May 2015
There is also a good chance that enquiries into Perth commercial property for lease will turn into sales this year, so writes Kim Macdonald of The West Australian. Clearly, property owners should take advantage of these opportunities to attract tenants, whether foreign or local. An effective way of attracting investors is to offer incentives in the form of rent-free or rent-reduction periods. Commercial property in Perth, on average, comes with one of the largest landlord incentives in the country, between 40 and 45 percent. However, a more ideal figure should be based on several economic indicators like fit-out costs, the local economy’s health, and market prices elsewhere. A commercial real estate expert can help you arrive at mutually agreeable leasing arrangements with your tenants.
Saturday, 2 May 2015
Furthermore, given that coastal cities serve as the gateways to inner Perth, cities like Joondalup are set to receive a considerable volume of foreign investment. The city’s economic development, therefore, calls for efforts to facilitate business operations in response to greater economic activity. The newly launched economic programme also opens up a host of new opportunities for commercial property investment in Perth. A significant number of properties, after all, will eventually become home to dozens of global companies. In light of this prospect, property owners must make sure their facilities meet global standards and leave a good first impression on prospective investors.