Commercial Property, Retail and Development Site Acquisition
Buying commercial property can be a complex and extremely time consuming. If you are purchasing a commercial site for your business to operate from or for investment, our in depth fact find will ensure that we understand your needs and goals to ensure the purchase suits your very personal requirements.
- Goals – We will discuss with you your goals for your commercial property investment, together with reviewing the current assets you have in your property portfolio. Most properties on the market do not cut it as investment grade therefore strategic property selection is critical.
- Source –We specialise in the sourcing and acquisition of retail, commercial, industrial properties on behalf of our clients. We cover both on market and off market properties to ensure we put as many commercial properties in the mix that we can find for you.
- Assess – We will complete an extensive report for you which will also include assessing the commercial property’s value and also what the rent the property is expected to receive (if applicable).
- Negotiate – A carefully planned strategy will be implemented to ensure that we have our strong negotiators experienced in commercial property transactions on your side looking after your best interests.
Commercial Property Client Process
Need a Commercial Property or a profitable Development Site?
After learning about your needs and goals we create a plan for your property success. We apply industry leading processes and leave no stone un-turned in ensuring we understand you and your personal reason’s WHY? No two Clients requirements are the same and we treat every Client as an individual and ensure the our service addresses your short, medium and long term goals.
Many properties are publicly advertised for sale, however we find that the good ones are typically not! Approximately 80% of the properties that we purchase are off market. Our buyers agents have extensive real estate networks to give you access to more properties than those simply advertised on the internet. So when employing Elite, you are employing a team that is searching for your next property all day, everyday!
Once a suitable property has been targeted, we will complete all the due diligence and a compile and assessment in order to complete a full report which includes a realistic estimate of the buying range. A property negotiation should never commence without this step being completed thoroughly, know the real value before you even get in the car to inspect the property.
We Negotiate & Deliver
Our team implements tough negotiation strategies, putting you in the ‘box seat’ to secure the property. Whether it’s auction, pre-auction or private sale, we strive to get you best possible price, with the nest possible terms. Vendors employ Agents to negotiate on their behalf, they are trained, experienced and paid significantly well to represent their Vendor! Employ Elite to even up the stakes!!
We specialist in buying commercial property for owner occupation and investment. We source both new and established properties all over Victoria. A detailed assessment with indicate the target growth V’s yield returns and this will then assist in determine the type of commercial property is best. In recent years, commercial property for investment has become demystified….. Commercial property transactions typically have significantly better yields, and if the right asset is purchased, great capital growth. We can source commercial properties for as little as $500,000 or as high as $25,000,000.
As a business owner, your time is likely better spent running the business, we can help you workshop the brief, search, assess and negotiate.. conducting all of the initial inspections throughout the process and therefore you are only inspecting the shortlisted properties which meet your requirements and budget.
Melbournians LOVE developing property!
Unfortunately most developers will attest to every site being over priced and having no profit!
Elite Buyer agents have specialists Agents which exclusively and solely service the needs of developers. We are able to secure development sites for Townhouses, low rise apartment sites, medium & high density apartment sites, Office blocks, retail premises and buying commercial property.
For the experienced developer, we can offer them external resources to source sites and you only pay a purchase fee when a profitable site has been secured unconditionally… Our extensive network will give you first look at a site and as a professional Property Developer, your team will need to move quickly in formulating the best use of the site and appropriate feasibility in order to out time the competition.
For the new Developer – use our years or experience and contacts to build your team of trusted professionals who can guide you through the process. We will be there throughout the entire journey, from the sourcing of the site, assessment, negotiation and co-ordination of advisors and consults in order to produce your plans and obtain your permit and then through the builder tender process, build and then the sale of the end product…
Our Services – How can We Help You?
Commercial Property Buyer Agents
Real Estate Agents are often struggling with lack of supply, demand is usually high and competition is always tough. Buyers are regularly being priced out of the market, particularly first home buyers, young families looking to upgrade and the Mum and Dad investors as well. Commercial property buyers also suffer from this due to high demand suburbs with little commercial property stock.
Commercial Property Buyer Agents in Victoria are seeing commercial purchasers being out bid and out played and either losing or overpaying… not only at auction in other situations such as a sale by set date or an expression of interest campaign. This is a game best played by those who are experienced and who know the pitfalls of the industry, not to mention the rights of the purchaser and the obligations of the selling agent.
Increasingly Commercial Property Buyer’s Agents or “Commercial Property Buyers Advocates” are being engaged by educated commercial buyers to navigate the minefields of the real estate industry on their behalf and to show them the real value of commercial property, this of course in turn will save them money, time and stress. The difference between buying an average commercial property and a good commercial property can be a difference of tens or even hundreds of thousands of dollars.
With over 220,000 new dwellings constructed in 2015 throughout Australia (70,000 of those within Victoria) one would think that there would be plenty of choice for purchase and that supply is stable. That certainly is the case if you are willing to live, invest or migrate to a rural town touted as Melbourne’s new suburban city. For the rest of us, residing in an established urban and thriving metropolis is still the dream.
Back to the minefield. Where to buy? How much to spend? What is it worth? These are all fair questions and require educated responses. A Commercial Property Buyer Agents is trained in locating, evaluating, assessing and negotiating, and it is the negotiating where they will save you far more than the fees that they charge. A Commercial Property Buyer Agents must be licenced to work in the industry (with the Business Licence Authority). The industry is heavily regulated and bound by a code of ethics. Your Commercial Property Buyer Agents should know the processes of purchasing and the legalities associated with any purchase. If unsure check to see if your Commercial Property Buyer Agents is a member of REBAA (Real Estate Buyers Agents Association of Australia) and/or a member of the REIV (Real Estate Institute of Victoria).
Having found that special commercial property, a Commercial Property Buyer Agents ensure clients benefit from full due diligence, uncovering anything that may adversely affect the property’s value and its enjoyment post-purchase. They also analyse the price in detail, before negotiating the best possible terms on your behalf. Although it is normal to engage a commercial buying agent early on in your property search, Elite Buyer Agents can come in at lots of different stages in the process. Some clients may have already found a property and need assistance with negotiations, analysing price or some comfort that the property is as it is described.
With regular reports and constant communication, a Commercial Property Buyer Agent client knows they are receiving unparalleled advice and access to the entire property market, including local experts providing unrivalled access to properties – both those marketed publicly, privately, and many that are not even on the market (so off-market), via a single point of contact, irrespective of the selling agent or vendor.
So when looking to make that next big purchase a Commercial Property Buyer Agents can be your best friend. Choose the right Commercial Property Buyer Agentsand you could find yourself with your Saturdays back, sitting in your new home in one of Melbourne’s healthiest growth corridors (with change in your pocket) or with an investment portfolio that will make your friends green with envy.
Read more At WikiPedia Buying Agent.
Commercial Property Buyers Advocate (also known as ‘commercial property buyers agents‘) are licensed professionals that specialise in searching, evaluating and negotiating the purchase of commercial property on behalf of the buyer. A Commercial Property Buyers Advocate specialises in buying commercial property, and helps buyers meet their objectives. Many people significantly benefit from Commercial Property Buyers Advocate if they are time poor, after a specific type of property or trying to grow their real estate portfolio. Read more below.
What is a Commercial Property Buyers Advocate?
A Commercial Property Buyers Advocate is someone who acts exclusively on behalf of the commercial property buyer. Commercial Property Buyers Advocate help buyers to understand the commercial market, source the right commercial property – sometimes off-market, negotiate the best/lowest price and then manage and oversee the entire legal process. Real estate agents in Australia represent sellers. Their job is to sell the property they are instructed on for the highest price possible.
How can a Commercial Property Buyers Advocate help me?
Sourcing property is a very time consuming and frustrating process. A good Commercial Property Buyers Advocate will not only help you save valuable time and money, but also ensure you end up finding the right commercial property for you, and one that meets all of your requirements. Commercial Property Buyers Advocate are able to access more than just what’s online. We buy more than 50% of our clients properties before Auction and 25% Off Market. We offer our services to local and foreign clients all over the world.
What is the difference between a Commercial Property Buyers Advocate and a Real Estate Agent?
A Commercial Property Buyers Advocate represents and acts for the commercial property buyer. An estate agent represents and acts for the commercial property seller.
What is a buyers agent?
A qualified real estate professional who represents the Buyer in a property transaction. The purpose of a Buyer’s Agent in a transaction can vary however is typically for the purchase of a residential or commercial owner occupier property or investment property. A Buyer Agent provides advice based on the specific and personal brief and needs of a Client. Buyer Agents are paid exclusively by the Client and therefore the only interests the Buyer Agents duty lies with is their Clients. Fees charged include an engagement fee, plus a purchase fee which ranges from 1-2% and this fee can either fixed or percentage based on the purchase price.
Buyer Agent Responsibilities and Requirements
Experienced Buyer Agents are qualified Real Estate Agents and within Victoria, must have a minimum qualification as an Agents Representative Certificate, however many are Licenced Estate Agents. Along with minimum qualifications, Buyer Agents are typically members of the REIV (in Victoria) and there are multiple industry bodies for Buyer Agents such as REBAA (Real Estate Buyers Agents Association of Australia) and PIPA (Property Investment Professionals of Australia) to name a few.
The benefits of utilising a Buyer Agents services vary for an Owner Occupier to an Investor. Investors are expecting to maximise their returns by ensuring they are buying the very best property possible and the best possible price which meets their personal and individual brief, needs and goals. An owner occupier is typically looking to also ensure they are buying the best property for their brief, in addition to saving time inspecting unsuitable properties and then save money during the negotiation or auction bidding.
A Buyer Agent’s services can including searching. They are able to present properties which are on market, before market and off market. Their skills and knowledge on the markets they operate within allows them to evaluate property values and predict selling ranges. Lastly, a Buyer Agent is employed to negotiate with the Vendors Real Estate Agents or Vendors directly to purchase property at the best price and with the most favourable terms and conditions.
How is a Buyer’s Agent Paid?
Buyer Agents are bound by the same laws as a Real Estate Agent. To operate