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Commercial Property Valuation
In Canberra, commercial property valuations are a crucial element of the wider business landscape. This is a highly specialised process designed to determine the fair market value of commercial real estate. This service is based on the unique attributes and income potential of your property.
Commercial real estate refers to property intended for business purposes. They are designed and built to facilitate income generation and not for residential use. These are generally rented out or leased to companies or production sites.
They are strictly regulated by zoning standards. These dictate the permissible types of businesses, building codes, parking requirements and more.
Commercial properties include the likes of:
- office buildings
- retail spaces
- warehouses
- restaurants
- hotels
- various industrial facilities.
In the commercial sector, proximity to essential amenities, transportation hubs and target markets is particularly important. Each of these has a significant effect on the value of the building.
Our Certified Practising Valuers (CPV) will also analyse points such as rental income, lease terms and occupancy rates to determine the property's earning capacity. Of course, they will also consider market demand and future growth prospects when establishing potential rental income.
The advantage of a commercial valuation
Commercial and industrial properties are considered valuable investment assets. They attract investors looking to secure sustainable income streams and long-term appreciation. Their value is often influenced by market demand, economic conditions and rental rates.
We will also be able to determine the stability of potential rental income.
Our services are a vital tool for investors, lenders and property owners to make informed decisions regarding acquisitions, sales, leasing, financing and asset management.
One of the most important advantages of this kind of valuation is getting a clear picture of the property's financial performance and potential return on investment. We assure you that our valuations are entirely market-driven and based on verifiable research.
A commercial valuation will also help investors identify opportunities for redevelopment, repurposing or leasing the property to different industries.
Finally, our valuation reports are legally compliant and in line with all relevant legislation.
How we value commercial real estate
Every commercial real estate valuation we’ve performed is fully tailored to the client. For starters, our CPVs account for the intended use of the building, as well as factors like:
- floor area
- layout
- amenities
- infrastructure
Valuation methods like the capitalisation rate are specifically employed to assess commercial and industrial properties. These methods take into account the projected income stream to determine the property's value.
We’ll also look at factors such as lease terms, occupancy rates and tenant quality.
Another key point is examining the highest and best use of the property. In other words, our Commercial Property Valuers review whether the property is optimised for its current use or if there are alternative uses that could generate higher income.
If you’re looking for a reliable, quality valuation service for your commercial properties, contact our team at (02) 6189 2232.