Commercial Buyer's Agent
Melbourne's leading commercial real estate buying serviceBuying commercial property is more complex than buying residential property and for investors or business owners it can be a daunting and time-sapping task. Get it right though and investors can enjoy higher rental returns (than residential property) with lower out-goings. And for business operators, the right building or the right location can directly impact growth and profitability.
There is a vast range of commercial property types in the market, including retail, offices, factories, warehouses, small specialty (medical suites, pharmacies) or large specialty (including hardwore stores and supermarkets) and knowing what to buy and where to buy are crucial in securing the best possible commercial property for your needs.
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Let’s catch up and talk property!
Take advantage of our free 30 minute consultation.
We can discuss your property goals, the market and answer your questions.
What are your needs?
A business operator, someone that owns and runs a business from a premise, will usually have very specific requirements for a commercial property. For example, a wholesale distributor of goods will require a very different premise and location from a hairdresser. An investor can select any type of commercial property but they need to consider what factors will influence capital growth and overall returns.
For business owners and investors the physical layout of the building, fit-out and adaptability, location and proximity to other commercial properties are vitally important. For investors, rental yield, current tenancy, type, and length must also be factored in. The value of commercial property is affected by all these factors.
As a business owner if you are able to buy something that has investor appeal you are setting yourself up for greater success in the future if you decide to sell.
Risk versus Reward
More and more people are adding commercial property to their investment property portfolios. However, due to the complexity of purchasing commercial properties and the increased number of factors to be considered, usually, investing in commercial property results in bigger risk.
However, with greater risk comes greater reward.
Commercial property has the potential to provide higher rental returns and long-term tenancies and is particularly attractive if you are looking for strong income and/or want to diversify a property portfolio that is already exposed to residential.
Some of the advantages of buying the right commercial property are:
Pros
1. Higher rental yields
2. Longer leases
3. Negative gearing on established and new properties
4. Stable and reliable long-term tenants, such as large corporations and government departments.
5. Fewer outgoings including rates, insurances and maintenance (which are generally payable by the tenant).
Buying commercial property is more complex than buying residential property and can cost inexperienced investors significantly if you get the purchase wrong:
Cons
1. Higher interest rates usually apply
2. Typically the LVR on commerical property is lower (a greater deposit maybe required)
3. GST implications if purchased vacate
4. More complicated tenancy agreements (leases)
5. Vacancies can be longer if the wrong property is purchased
6. Rental decreases can be greater than in residential
Like any investment decision, it’s important to weigh up all of your circumstances and take advice from trusted professionals before you decide whether buying commercial property is suitable for you.
Their knowledge of the property market is outstanding, but equally as important for us, Antony & the team quickly earned our complete trust and respect for the way that they managed our process.
The outcome that National Property Buyers achieved for us far exceeded what we thought was possible and for that we are massively thankful. We will definitely be using their services again.”
What to look for if investing
So what if you’ve weighed up the pros and con’s and decided to invest in commercial real estate.
As with any investment, it is crucial to get your due diligence right and part of that is purchasing the right property from the get-go.
To minimise your risk and maximise your reward we share the top eight things to look for in an area before even considering the property:
1. Areas where there is the potential for rezoning
2. Areas where residential developments are earmarked
3. Quality tenants OR the ability to attract quality tenants
4. Suburbs that are experiencing gentrification
5. Councils that have significant expenditure in place to improve infrastructure
6. The population growth of an area, which impacts the amount of foot traffic (which means more likely rental increases)
7. Car parking – where is it and how many spaces
8. Proximity to supermarket/shops and transport for historical growth reasons.
Insider Secrets
Our commercial property team has significant knowledge of the Melbourne property market and will save you time and money by finding the right commercial property, in the right location, at the right price with the right conditions. But you can read more in our insider secret blogs.
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Residential property investment is a great way to generate long-term wealth through capital growth and rental returns. However, there is another asset class proving very resilient in changing economic conditions and continues to be a great...
The 10 pros and cons of investing in commercial property
With the residential property market unsettled it has some investors wondering if now is the time to invest in the commercial property market?There is considerable difference between commercial and residential property investing. Whispers of high...
Why Choose Us
Whether it is sourcing an off-market property, assessing the true value, or negotiating the best deal possible, we are very confident you will be impressed by the level of service we provide, plus we’ll save you time and provide you with the peace of mind that the decisions you make are well informed, good decisions.
I had absolutely no idea where to start and what I should be looking for. After enlisting the help of NPB I had purchased my first investment property within 2 weeks.
Their online property hub and open communication are first rate and made searching for the correct properties so simple and easy. From going through the property for the first time to the auction and final inspections they made it all so easy and had all my questions answered before I asked them.”
We have the skill set to assess the value of the property, including reviewing planning restrictions, design issues, and re-development potential of properties.
Whether you’re an investor searching for a new property investment, or a business operator looking for your ideal premises, NPB can tailor a service that meets your needs.
Our negotiation skills ensure you get the best possible price AND conditions, which are equally important when it comes to buying commercial property.
Our Fees
We believe great property advice should come with clear, transparent pricing. That's why we offer competitive fees with the flexibility to choose either a fixed-fee or percentage-based structure, depending on what best suits your needs. Before any work begins, your agreed fee will be clearly outlined in a signed engagement authority, giving you complete confidence and certainty from the outset. Below is an indication of our standard fees. If your requirements are a little different, we'd love to discuss a tailored solution.
Full Premium Service
1.5% to 2%
of the purchase price
Our full service (search, assess and negotiate) includes; regular searching , sourcing off-market properties, unlimited inspections, full independent assessment reports and negotiating the successful purchase. We keep working until your ideal property has been purchased!
Generally, this service is between 1.5 and 2% of the purchase price. This fee is made up of an initial engagement fee of $3,300. The remaining balance is paid on success, when we have secured your property (called the ‘success fee’). This means the engagement fee is part of the total fee and not in addition.
We also offer a ‘fixed fee’ option.
Assess & Negotiate
0.75% to 1%
of the purchase price
The assess and negotiate service is suitable if you’d like to do the property search yourself or have already found the property you would like to buy.
We inspect the property and prepare a detailed property report and price analysis and negotiate the purchase on your behalf.
Generally, this service is between 0.75 and 1% of the purchase price.
This fee is made up of an initial engagement fee between $1,650 and $2,200, with the remaining balance paid on successfully securing your property (called the ‘success fee’).
We also have a ‘fixed fee’ option.
Auction Bidding &
Negotiate Only
starting at
$825
Negotiating with Sales Agents to get the best result for the buyer can be a challenging task, particularly for the inexperienced. This low-cost service is for those uncomfortable with auctions, private sale negotiations or simply not available to attend on auction day.
Auction bidding or negotiate only fees are fixed upfront and an engagement fee is payable in advance. The initial engagement fee is typically between $825 and $1650. And only upon securing the property is the success fee paid. Generally, for auction bidding, this is between $825 and $1650 depending on requirements.
This means it could be as little as $825 to have an expert represent you on the day.
Case Studies
Below is a selection of case studies on commercial properties that we have secured for past clients. Read about how we exceeded their expectations and delivered them the ideal property for their needs.
Melbourne Office Details
Address: 333 Whitehorse Road, Suite 2, Level 1, Balwyn VIC 3103
Freecall: 1300 500 555
Phone: +61 3 9836 3322
Send us a message: Click here
Commercial Property Buying Agent
Contact Us
We’re happy to answer any questions you may have or you can simply request we catch up for a free, no obligation meeting to discuss your needs.