Now It’s Priced to Sell

HardwareLane

LATE LAST YEAR, Tenders were called for this Hardware Lane property — which closed just before Christmas.

Over the holiday break, negotiations progressed with two parties … without actually concluding a deal.

However, in the process, the Vendor has significantly reduce the price at which he is now prepared to sell.

The 5-level property is fully leased. And on the lower two levels, the Restaurant/Bar has a new 10+10 year lease, from September last year.

As of this month, the NET Passing Rental is $446,885 per annum. Furthermore, the property offers you a good spread of 6 tenancies, and 8 separate titles — including the Air Rights above the building.

Hardware-VidFeel free to visit the detailed website.

And if you are interested … give me a call on (0425 791 254) straight away — because both selling agents have now notified their databases of the latest pricing position.

Bottom Line: This offers you a great opportunity to secure a truly classy building, in a bustling precinct of the Melbourne CBD.

Investment Opportunity … 67-73 Hardware Lane, Melb

Hardware-Lane

THIS TROPHY BUILDING is being offered for Sale by Tender — closing at 3 pm on Wednesday, 10 December 2014 (AEDT).

The magic of Melbourne’s cafe culture within its streets and laneways is well known throughout the world. And nowhere captures this cosmopolitan mix of food and buildings … quite like Hardware Lane. [Read more…]

Different Ways For You To Add More Levels

MoreLevels

WITH VACANT LAND becoming more and more scarce within close proximity to Australia’s major city centres, it has become increasingly necessary to develop or extend existing properties.

However, as a Commercial property owner, how should you to tackle this dilemma? [Read more…]

As a Developer or Investor … What Should You Expect from Your Project Manager?

Office-Refurb
EVERY CONSTRUCTION or refurbishment project is unique, in its specific requirements and challenges.

Accordingly, each project requires a broad range of skills and experience — which a professional project manager needs to be able to deliver.

So what is it you should be looking for, when appointing a Project Manager? [Read more…]

Industrial Property Poised For Some Steady Growth

So far, most Industrial Building has been by cashed-up DevelopersBECAUSE banks have been reluctant to fund speculative development, very little new Industrial space has come onto the market over the past few years.

Demand on the other hand has remained fairly steady; and it’s now increasing.

And this will cause rentals to rise over the next few years — as there is only a modest amount of space in the pipeline. [Read more…]

Can Commercial Property Landlords Continue to Rely on the Government?

Office Workers within the CBDs around AustraliaAND THE ANSWER? Yes, but probably less than previously — due to both the State and the Federal austerity measures, currently being implemented.

Some of the recently-announced public service layoffs will remove the “automatic” component of government take-up, from the CBD Office demand equation. But that’s not altogether a bad thing. [Read more…]

Industrial Property Set to Surge

Industrial Vacancy Rates are fallingThe Queensland economy may be slow to recover from all its natural disasters. But it’s Industrial property sector has been quick out of the blocks.

The boom in Queensland gas now has Brisbane with the lowest vacancy rate for Industrial property.

Next comes Melbourne — with Sydney well back in 3rd place, according to a recent survey by Knight Frank.

And increasing demand will put further upwards pressure on rentals … thereby, encouraging more developers into the market. [Read more…]

More Good News for
Industrial Property

Industrial Sector
The Industrial sector was probably the one most harshly affected by the global financial crisis.

Nobody wanted to expand — being prepared to operate in cramped premises, until a clear picture of economic growth emerged.

However, there has been a growing and now, strong tenant demand reported within the main east-coast cities. [Read more…]

“Cycles Ain’t Cycles”

Overall, Australia has sailed through the Global Financial Crisis more or less unscathed. And from all accounts, Victoria and enjoys the standout economy of all the States.

h3. The Traditional Cycle Has Been Interrupted

Last week, you explored the traditional cycle for CBD Offices — being 18 years from peak to peak. And over that same period, Retail and Industrial properties tend to go through several cycles.

Commercial Property Cycles

However, given Australia’s privileged position within the global scene … my view is you are now at the upswing in the cycle for the Office market. In other words, you are already at the halfway point in the traditional Cycle.
[Read more…]

Commercial Property Cycles …

h2. How do you ever understand them?

Before talking to you about Commercial property, let’s take a quick look at Investment Cycles in general.

Investment CycleA recent AFR article contained this rather clever chart … showing an Investor’s mood at different points throughout the Cycle.

My reading would be that Australia is currently at the “Optimism” stage of the upturn — perhaps with some capital cities, a little more so than others. But generally, that’s about where most of us are at the moment.
[Read more…]

“Capture Your Firm’s Full Value”

Last week, we talked about what you could be missing out on … when you find the need to move.

Whenever you decide to relocate to new Headquarters, what are the key things you are seeking to achieve? [Read more…]