The property management team at Ray White Commercial Toowoomba has compiled a list of some of the common commercial property questions along with their answers.
The commercial real estate sector can be both challenging and rewarding for new investors, sellers, tenants and owners.
With that in mind, the property management team at Ray White Commercial Toowoomba has compiled a list of answers to some of the most common commercial property questions to assist people wanting to get the most out of their asset.
What is Commercial Real Estate?
Commercial real estate comprises industrial, land, office, retail, showroom, warehouse and medical assets - just to name a few.
What is the difference between CPI and Fixed Rent Reviews?
Consumer Price Index (CPI) rent reviews are weighted heavily on the figures produced by the appropriate state government agency. Those figures normally come out quarterly.
A fixed rent review will have an amount included in the Tenant’s lease that stipulates how much the rent will increase as of a certain date. For eg. It may be a fixed 4 per cent increase. It could even be a combination of both eg. CPI + 1 per cent.
How is it you are going to maximise return on my investment?
An agency such as Ray White Commercial Toowoomba can help to bolster returns through rent appraisals, budgeted outgoings, maintenance, and providing market advice.
Why should I have my commercial asset managed by a Real Estate agency?
There is a common perception that Property Management is purely about collecting rent, but real estate agencies can provide a variety of services to manage commercial properties.
They include:
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