Property Studies 101
Buying or leasing commercial property is far more specialised by comparison to a residential transaction. Successful negotiations could well depend on partnering with an experienced and knowledgeable commercial and industrial broker (C&I).
A reputable C&I property firm will assist with:
- Local market knowledge
It's their business to understand the intricacies of the local C&I nodes. They will advise you on the best premises to suit your business needs and input the ROI calculations and cap rates for your investment portfolio.
- Cost savings
Multiple cost savings can be achieved by making informed decisions based on the experience and advice of your broker.
The administrative and legal requirements attached to a C&I transaction can be a minefield of challenges. Let the experts deal with it.
- Experience and Education
The best C&I property brokers often have additional educational qualifications that add value.
- Relationships & Networking
Find a broker you can trust and who can expose you to their network of professional colleagues to source the right premises for your business and investment requirements.
- Negotiating skills
Experienced brokers, with their knowledge and insight of the market, are well positioned to negotiate the best deal possible in relation to your interests.
- After sales service
A comprehensive C&I brokerage firm will offer additional support in terms of lease management, body corporate management, facilities and maintenance management.
There are multiple legal, financial, tax, sector specific and practical elements to consider before concluding a C&I deal and the advice and guidance of the right broker could save you time and money in what is essentially a business rather than an emotional decision.
Author: Dale Williams