Entering into a commercial or retail lease agreement is a commitment that should not be taken lightly, however there are options to break a lease if you wish to upsize, downsize, cease trading or sell your business. A variety of factors will determine the cost of breaking a commercial lease, including the terms of the.
Pine Property turns five this month. It’s a big achievement and one that we’re extremely proud of, especially when you consider the high failure rate of small businesses, often cited as between 60-70 per cent within the first five years.
Despite claims that e-commerce represents the end of brick-and-mortar retail stores, 2019 research found that 63 per cent of Australians still preferred shopping in-store to online. Furthermore, most respondents surveyed indicated that they were generally willing to spend more money in-store than online. The preference for physical stores was attributed to the hands-on immersive shopping.
Guest Blogger Brian Walker provides a snapshot of the current retail landscape.
While initial net yield is typically provided in commercial property reports, investors should be wary of relying only on this simplified figure, which doesn’t take into account the broader market. Instead, information on the analysed market yield should also be sought out, most likely from a specialist commercial real estate agent, as well as confirmation.
We spoke with the co-founders of Chica Bonita and Sunset Sabi to learn about the key ingredients required when building a booming hospitality business.
Manly Vale has been reborn in recent years with increased commercial development, new infrastructure and population growth breathing new life into the suburb. The introduction of Bunnings, Woolworths and, more recently, ALDI, in the Condamine and Roseberry Street precincts has opened up the area to increasing commercial interest. Additionally, the B-Line express bus service and.
The banking Royal Commission’s final report, released on 4 February 2019, included only minor changes to small business lending, making it relatively good news for the majority of Northern Beaches businesses. The report included no changes to SME loan guarantors—third-parties who commit to paying back the loan if the lendee cannot—or business loan renewal policies,.
The location of most businesses is one of their most defining characteristics and for some can be the difference between thriving, surviving, or failing. When evaluating a potential property for your business premises, there are numerous factors that must be considered. Influencing the scope of your research will be the type of business you operate.
In this article, the director of Manly-based Pine Property, Patrick Kelleher explains the benefits of using a specialist commercial property manager to lease your asset.
