To get a good grasp of any retail property’s total market value, get assistance from Omega Property Consultants. Our company valuation methods in retail valuation are significantly more accurate and determine true real estate values for various shopping centres.
The demand for retail properties in Sydney’s CBD stays strong. Sydney’s retail industry is an enormous facet that continues to show strong signs of growth and development. This has been confirmed by Savills in an article published by The Sydney Morning Herald. According to the pioneering international real estate research group, investors spent $6.5 billion on retail assets nationally in 2016, including $1.94 billion in New South Wales. Steven Lerche, Savills National Director for Retail Investments, added that sales for retail properties have been hitting record highs for the last three years.
Sydney shopping stores, retail outlets and specialty boutiques are prevalent. Every year, there are hundreds of millions of visits expected in these commercial establishments. Take note, however, that not all shops are priced the same in terms of market value. This is true even if they were occupying the same floor area or sharing the same layout. You should definitely approach an experienced property consultant before considering your next strategic move relating to your property.
How to Value Retail Properties The Right Way
At Omega Property Consultants, we follow strict standards in retail valuations. First and foremost, we visit the property and conduct a meticulous inspection. Following an internal and external inspection, we analyse recent sales and other significant evidence. We also collect suitable rental evidence in the area to acquire the market rental of the improvements and a yield that is acceptable to an investor. We collate our findings into one comprehensive report and gather relevant facts to derive a value.
In our retail valuation process, we look into a variety of factors for each property. Aside from the location and size, our criteria also includes but are not limited to the following:
- Exposure Location
- Type of property
- Number of tenants
- Quality of tenants
- Lease Terms
- Fixtures and fittings
- Access to major roads and public transport
- Condition of the property
Delivering Results with Credibility
To add value to our clients’ activities in the retail investment sector, we provide strategic solutions including investment facilitation and operator selection. We understand retail-oriented processes. We have worked with a diverse range of properties such as the following:
- Flagship stores
- Shopping centres
- Outlet centres
- Luxury boutiques
- Convenience stores
- Airport and duty free shops
Additionally, our team of property consultants provide market and property development consultancy services as well. Our objective is to share important insights and offer professional valuable advice in order to assist clients in making their decision. From the ever-evolving market trends to the intricacies of the retail valuation process, we know what you’re dealing with.
Request a Retail Valuation Quote
Have you thought about owning your own Sydney retail business? Perhaps you are considering selling your retail premises? Do you require a market rent review? Call 02 8005 8581 to speak with a client-focused property consultant. Make a request for a quote and we’ll do our best to send it to you as soon as possible.
You can also use the contact form on our website to send in a request for a custom, obligation-free quote. Our customer service representatives will do their best to get back to you immediately. We look forward to hearing from you today.