There are two reasons that you might purchase office/commercial property: 1. Because you need office or other commercial space for a business.2. As an alternative to investing in residential property.
Commercial property is not the same as residential property because often when making a purchasing, selling or investment decision, it is based purely on numbers rather than emotion. Therefore when you’re considering buying a property you want to know the practical implications of purchasing it such as: The potential income you could generate;What other comparable commercial properties have sold for recently;The market sentiment for comparable properties;Other recent sales in the area.
In addition to researching comparable commercial properties in the market our property valuers also review market factors that influence the value of a property including: Job advertisements. When there are a lot of jobs on offer that is an indication of a strong property market which means higher prices;Whether or not there is construction in the area. Construction indicates a thriving economy;The strength of the mineral and resources sector;Population growth through immigration or interstate/suburban migration;The quality of life in the area for example parks and other recreational spaces.
Completing commercial property valuations is what we do daily and we do so for different groups including individual business owners, large corporations, government bodies and property investors or developers. Depending on your requirements we have the capacity to value individual properties or your entire property portfolio.
Regardless of the size of your job, we treat every clients with the same commitment and enthusiasm. That means that we conduct extensive research using property databases, the knowledge of local real estate agents and property intelligence from the best property databases. We then assess that property data as it relates to your property.
NT Valuers property valuers can perform a property valuation for a variety of different reasons, including, but not limited to: Compulsory acquisition;Estate matters including Probate Tax;Negotiating a property settlement;Pre-purchase or pre-sale advice;Rent review;Stamp duty or Capital Gains Tax purposes.
Commercial property valuations require particular expertise and knowledge, which each of our commercial property valuers possesses. That will give you confidence that you’ll receive an accurate valuation that will meet your needs. As most of our valuations are conducted for formal reasons they contain in depth information about the individual property being valued and comparable properties. For that reason they are generally 15-25 pages long.
We have prepared high quality property valuations for banks, lawyers, the Australian Tax Office, Territory Revenue Office and courts, so they are completed to a high standard.
Our expert valuers acknowledge that sometimes time is of the essence when getting a valuation report so we aim to physically inspect your property within 2 business days of your first contact with us. In some cases we can inspect the property the next business day. When inspecting your property they will take photographs before returning to the office to write the report. You should receive the finished report within 3-5 business days.
To get the process started give us a call on (08) 8911 1505.