Commercial Asset Types and What To Consider
The Commercial Property Series
Industrial / Warehousing
Imagine storage, mechanics, manufacturing plants, logistics centres and located in newly developed areas to long-established suburbs. They generally need to be close to the population centre (for staff to travel) and have good access to transport.
Retail
Generally defined as a site offering business-to-consumer services. Think restaurant, clothing, beauty, takeaway food, pharmacies. You’ll find retail sites are the most common sites you’ll find in strip shops, shopping centres and malls.
Hotels
This is at times classified as retail. Regardless it warrants a separate mention and can include pubs, accommodation, wedding venues etc.
Agricultural
Inspect the property again on the day before the auction. Ideally, you should have inspected it multiple times before this point. If you prefer a private inspection for a thorough evaluation, request it from the agent. Take your time, as this significant purchase requires more than a standard half-hour inspection.
Special purpose / Multi-use
Generally speaking the most difficult to value considering there are fewer comparables in the area. Sites include childcare centres, theatres, schools and sporting grounds.
Office
Generally the most prolific of commercial assets and certainly the category that took the greatest hit during Covid. Having said that, they should not be overlooked and can range from suburban offices, double-story shop fronts (with residences on top), to CBD skyscrapers.
Commercial Sites We Specialise In:
Retail - including hotels and medical centres.
Offices - across all industries and we specialise in suburban and regional office spaces.
Industrial - warehousing