『Commercial Property for Business Owners』のカバーアート

Commercial Property for Business Owners

Commercial Property for Business Owners

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Send us Fan MailCommercial Property Uncovered: Owner-Occupiers, Negotiation, Leases & Buying SmartIn this episode of Commercial Property Uncovered: Beyond the Contract, Nicole Faid, Vicki Likoudis and Richele Janjatovic unpack the key considerations for business owners buying commercial property for their own business.Unlike an investment property, an owner-occupied commercial property needs to work for the business today while also making sense as a long-term asset. The team explores the current opportunities in the Victorian market, how to negotiate effectively, why due diligence needs to happen before signing a contract, and the risks business owners can face when their lease isn't properly managed.In this episode, we discuss:Why it's currently a buyer's market for vacant possession commercial property in VictoriaHow increased land tax and other holding costs are motivating some property owners to sellWhy having multiple property options is one of your strongest negotiation toolsThe difference between how residential and commercial properties are generally marketed and pricedWhy commercial property valuations are more complex than residential valuationsHow valuations, finance approvals and contract conditions can affect the purchasing timelineWhy buyers should consider finance and valuation clauses when negotiating a commercial contractWhy commercial property purchases can take considerably longer than residential transactionsWhat a typical four-to-eight-week search and due diligence process can look like before signing a contractWhy you should have your solicitor review the contract before signing, rather than afterThe importance of planning well ahead if you're a tenant considering purchasing the property you're leasingWhy "less is more" when communicating with your landlord about your business performance and future plansHow tenant advocacy can help when negotiating lease renewals, relocating or considering buyingWhy "if you don't have a lease, you don't have a business" when it comes to selling a business and securing financeHow lease terms can affect the value and saleability of a businessThe importance of understanding make-good obligations and lease optionsA real-world example of a business owner who couldn't sell their business because the landlord wouldn't extend the leaseWhy you should never fall in love with a commercial property before doing proper due diligenceHow one medical business could have spent an additional $150,000 getting a property compliant before even starting its fit-outWhat happens if you discover a problem after signing a contractWhat happens when a commercial property valuation comes in below the agreed purchase priceWhy the timing of finance, valuation, legal advice and due diligence mattersKey takeawayThe best commercial property decisions are made before you sign the contract.Whether you're buying a property for your business, negotiating a lease or considering purchasing the property you're currently occupying, having the right team involved early can help you identify risks, create leverage and avoid expensive mistakes.Don't fall in love with the property. Fall in love with the deal.Timestamps00:00 Introduction00:25 What owner-occupiers need to consider01:24 Why it's a buyer's market for vacant possession property02:30 The impact of Victorian land tax changes03:59 Real-world example of buying vacant possession04:47 What's driving negotiation opportunities06:05 How to negotiate below the asking price09:24 Why commercial valuations are different10:46 The importance of due diligence before signing11:59 How long does a commercial property purchase take?13:06 Finance clauses, valuation clauses and timelines14:38 What happens if you need a finance extension?16:17 Why you should have your solicitor review the contract first19:40 Thinking about buying the property you're currently leasing21:43 Why "less is more" with your landlord22:43 The rise of tenant advocacy23:26 Why you need a lease to protect your business24:30 When a business couldn't be sold because of the lease26:26 Why tenancy agreements deserve their own episode26:40 WIN: Finding the right property for a medical business29:58 WARNING: Don't fall in love with a commercial property30:49 Rapid fire: Can you walk away after signing?31:34 What happens when the valuation comes in low?33:00 Episode recap33:24 Closing thoughtsWho is this episode for?This episode is particularly relevant to:Business owners looking to buy their own commercial premisesOwner-occupiersCommercial property investorsBusiness owners currently leasing premisesTenants approaching a lease renewalBusiness owners considering purchasing the property they occupyAnyone buying a business with an existing commercial leaseBuyers using finance or an SMSF to purchase commercial propertyHave a question about commercial property, leases, contracts or finance? Send it through for a future episode.Commercial Property Uncovered: Beyond the ContractHosted by ...
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