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Showhome
Hi, can anyone advise who might insure a showhome please? Have purchased one from builders and leasing it back to them. I have managed to get insurance from IAG but looking to see other options. Many insurers are just saying no we don't insure showhomes. I posted in commercial property thread too but...
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Staging and removal?
Has anybody staged their office for leasing before and what was your experience?...
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Market Rent - can it go down?
Hi, I'm writing on behalf of a friend who owns a commercial property in Auckland - it's a very specific space in the accommodation industry. The tenant is a large corporation.
This year a market rent review needs to be done. The current annual rent is about $44k +GST.
My...
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Depreciation on building
I have heard depreciation on commercial buildings is back again!
Great news ... looking forward to the details.
I use to get $175k depreciation in the old days.... double bonus perhaps with another decrease in interest rate.
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Engineer Recommendation for NBS assessment
Has anyone used an engineer recently for NBS assessment that they recommend? I have a smaller commercial warehouse in Wellington. Thanks.
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Commercial Investment in Canterbury
Not too sure if this would be allowed on this forum, but please delete if that is the case....
We have recently put our investment property on the market:
https://www.waimakrealestate.co.nz/i...rbury-wre12585
Would be interested from followers of...
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Wellington - need help in analysing/negotiating a deal
Hi there. I am considering a commercial property deal in Wellington. This will be my first commercial property purchase and I need help from someone preferably based in Wellington for guidance and help in negotiating/securing the deal. If nothing comes out of it, at least I'll get some knowledge. Happy...
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Small hotel (below 100 rooms) for sale
There is small hotel for sale in Auckland 96 rooms.
The property only not the business
Has any PT brought hotel OTP or existing ?
It looks like it will be a net yield of 5.6%
Lease is for 30 years
Approx price $32m
Fully funded the margin is about $.78m
...
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Commercial property rates are very high
Hi everyone, long time lurker, first time poster.
I have a commercial property in Auckland and I've received my latest rates notice. Auckland council is valuing the property by maybe 300k to 500k more than what I think it's worth.
Is it possible to have this re-reviewed...
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Commercial or Residential Loan Development Project
Hello All
I have a residential property that I now know is zoned for Terrace and Apartment building. I have been to an architect and he has showed me that I can build 6 terrace houses 3 levels each with single garage, 3 bedrooms, 2 bathrooms and each would generate 600 rental income per...
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Rent Review
Hi, we performed a rent review back in September 2018, which increased the rent vs the original lease document, do you have perform a Deed of Rent Review through your lawyer or can you adjust the original lease document and have the tenant sign this amendment,interested in your thoughts? The tenants...
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Containers on shared park area
One of our tenant has put up containers at the back of the property to expand their cafe. the container now house the kitchen, bathroom and more sitting area. The review is coming up. Am i able to increase the rent so it includes the area that are using at the back?
More information:...
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Tax matters on commercial property ownership.
We are buying a small commercial property which will be leased out. We do own other residential properties for which I am doing our own IR3R and IR3 returns as I do have some the knowledge of the how once I understand the what needs to be done. The rent is just not that much that we want dilute the...
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Tips for tenant leasing commercial property
Hi everyone,
I have been looking to lease a commercial for my business. What are the things that I need to know or things to ask the agent in regards to leasing the property besides the cost or rent, opex and size of the building. Thank you.