Articles in Commercial Property
Upgrading your building? New disabled access standards may apply
The Commonwealth Disability (Access to Premises Buildings) Standards 2010 applies to existing non-residential buildings as well as new buildings. So if you’re submitting a building approval application, make sure you meet the requirements. We ask Napier Blakeley and SGA Property Consultancy for their advice.
Damien Holliday Buyers Agent
|Following the recent Global Financial Crisis (GFC) distressed property assets or sales controlled by insolvency companies have become common place. The number of distressed sales remained low through 2009 due to a lack of liquidity and demand from buyers. This turned around over the course of 2010 and investors would have noticed increasing volumes of distressed assets on the market throughout 2010 and 2011.|
|...||For investors who may be looking to take advantage of the forecast increase in distressed sales, they should be aware that these types of sales may present additional risks to normal commercial property transactions.
Damien Holliday. Buyers Agent.
|Commercial property investors may have seen the term WALE in property sales reports and wondered what this term means. The term WALE stands for ‘weighted average lease expiry’. The Property Council of Australia define a WALE as ‘the weighted average lease term remaining to expire across a portfolio, it can be weighted by rental income or square metres.’|
|...||Prosper Group recently assisted one of their clients in purchasing a commercial office building in St Leonards. The property is a 3 level office building with two levels of basement car parking and was purchased for $12.2 million on a market net yield of 8.6%. Below is a brief summary of the key aspects of this transaction.|
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