 |
|
|
When purchasing commercial property such as a service station site either for continued operation, or proposed redevelopment, it is imperative to complete Environmental Due Diligence (EDD) to ensure you are not acquiring a potential environmental liability leading to a significantly devalued asset. It is not just petrol stations you should be concerned about; it is any site which has an Underground Petroleum Storage System (UPSS). This includes tanks, pipes and bowsers at industrial sites, logistic centres, data centres, retail centres and some offices. |
Damien Holliday Buyers Agent
|
|
Service station commercial investments typically offer the security of a strong lease covenant to a multi-national tenant and the longer term development potential for additional uses once the economic life of the site has run out. Most service station sites are located on major roads with excellent exposure and often are on corner sites with good car access and hence have strong underlying land value. Service stations are generally in the sub-$5 million price range making them more affordable to a range of smaller investors. |
Caltex Service Station
 |
One of the most important aspects of a commercial investment property is the lease or leases. When buying a commercial investment property it is very important to review the commercial leases. Your solicitor may review the lease from a legal perspective but it is also important to review the lease from a commercial point of view. |
|
|
In any commercial transaction there is always the classic ‘gap’ between a sellers expectations of wanting the highest possible price and a buyers expectations of wanting the lowest possible price. Negotiation skills are essential in closing this ‘gap’ and creating a win-win situation for both parties. Below are 10 golden rules that will help you achieve better best results when negotiating. |
<- Prev Page | Page 2 of 18 | Next Page ->
