Tauranga commercial accountnat

[jam_mack]

Evening,

I have a friend who is looking at trying to source a property for commercial purposes for his wife's business as they are paying massive rent. I am solely a residential investor/trader in auckland so wisely know not to give my two cents. Does anyone know of a good commercial/investment accountant in Tauranga who can give some good advice.

Also for my own education what are the restrictions on running a business from a residential property, does it need to be commercially zoned? ie you piss of the neighbours can they complain to council )

thanks for your time.

Cheers

[ScottSI]

Re Business in residential areas:

Usually set out in council plan so you search / ring the relevant council.

If working from home you live in eg. Draughtsman - fine if you but usually restrictions around vehicle movements, if you can have staff & number, hours of operation, signage etc.

If using a residential house for a commercial purpose eg vet clinic totally different, resource consents, neighbours object etc -always a fun process.

This is a guide only as every council varies.

[Tan]

There are plans on the Tauranga City website which will tell you what can be done where, but it is easier to call an agent such as Tony Doms at Prime Commercial who has been in town forever and knows it all.

KPMG have a lot of accountants, various ones specialise in commercial, it may be worth giving them a call.

[Rosco]

Hi Jam_mack,

I would suggest against using big accounting firms, as your query and work will probably be passed down to the juniors who have no experience in residential or commercial property. Unfortunately not many accountants specialise in property and I would only recommend GRA or ourselves.

Key things to consider for commercial
- double risk if your own business is the tenant. It is a great trick that works well, but if business goes bust, you also lose your tenant, and can really hurt having too issues at once.
- get a chattels valuation done, and depreciate chattels. There are huge depreciation deductions for plumbing, internal walls, electrical, plus the normal residential chattels
- watch cashflow, as banks normally require the loans to be paid off over 10-15 years

Ross

[Maccachic]

Philip Hunt - Ray White is excellent at sourcing property - I attend a networking with him and we used him to when we relocated and he did a brilliant job of finding us a property which matched our needs (not easy) property wasn't on the market but he knows a lot of people in Tauranga. He was also very helpful when we required additional carparks and the council buildings were full. If he can assist he will know who can.