Commercial Property Valuations in Perth
Commercial property valuation is often a much more complex proposition as compared to a standard residential property valuation wherein the general market will base decisions on different factors surrounding the property.
In the process of completing a commercial property valuation, consideration will normally be given to not only comparable sales but also the market derived net rent and capitalisation rates. In instances where commercial property is leased, often adjustments will also need to be made for “profit rent” or “rental shortfall”. An important aspect of a leased commercial property is the strength of the lease covenant and what correlation this will have on the capitalisation rate (or yield) and in turn, the market value of the property.
Commercial property will often be subject to leases which are generally prepared by lawyers and can be substantial, complex documents. Without the requisite experience, important subtleties can be overlooked which may have significant effects to the overall value of the property.
Due to the complexities that accompany a commercial property valuation, it is important to employ the services of a commercial property valuer experienced in this field. Hemsley Paterson have a highly experienced team whom are suitably qualified to undertake valuations for most commercial property and would welcome the opportunity to discuss your individual requirements.
Our commercial property valuation team can provide advice for office units/buildings; industrial style properties; retail/showroom properties and englobo land.
There are a multitude of reasons why a property valuation might be required [see Services]. If you would like to know how much it will cost for a commercial property valuation then give us a call or send us a quote request.