How COVID is permanently changing retail
COVID has seen some retail businesses boom and devastated others. It has accelerated the trend online, changed tenancy mixes and highlighted the importance of brand narratives and regional strategies.
COVID-19 commercial rent relief obligations for landlords and tenants: a detailed analysis.
The government has announced that landlords will be required to offer COVID-19-affected small businesses rent relief. The Code is applicable where the tenant has an annual turnover of less than $50 million and is suffering financial stress due to COVID-19, defined as…
Options for breaking a commercial property lease
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.
Commercial property yields: What you need to know before investing
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.
Commercial Development and the Rebirth of Manly Vale
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.
How will the banking Royal Commission’s final report affect Northern Beaches businesses?
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,.
Strong business case for childcare as Manly receives two new centres
The recent approval of two new childcare centres in Manly, catering for a combined 296 children will delight local parents and is a sign of the strength of childcare as an investment class.
Most small businesses unaware of commercial office fit-out costs and timelines
Around seventy per cent of small businesses have not correctly planned or budgeted for the fit-out of their commercial office space, potentially putting their business in jeopardy.