IF you’re an Owner or Manager of commercial property, you may well now be planning budgets and setting targets for the year ahead and beyond.
There are a number of questions to be answered:
- Are there any priority issues that need to be managed?
- What needs to be repaired, replaced or improved?
- When do these need to be done?
- What could safely be deferred?
- How much will it cost?
- What will be the return?
Napier & Blakeley have developed software which enables the allocation of budget forecasts as well as the associated tax depreciation benefits that may follow. These forecasts can be viewed by individual asset, by level, or tenancy, by whole building and by whole portfolio, providing an holistic insight to manage expenditure and priorities.
The initial assessment process is made possible by our Services Engineers, Building Consultants and Quantity Surveyors who have current cost information to produce cost estimates and property tax depreciation reporting aligned to the commercial goals of your business and intentions for the property.
Planning your capex strategy can increase your property’s potential:
- Needs can be prioritised.
- Cash flow can be improved through capital allowances and tax depreciation.
- Valuations can be improved.
There are many drivers for capital expenditure and some of the considerations include:
- Age, condition and remaining useful life of the structure, fabric and the building services.
- Performance of plant and equipment such as lifts and air-conditioning.
- Obsolescence, attractiveness to tenants and market positioning.
- Highest and best use.
- Compliance with Building Code, Premises Standards, accessibility, WHS and Environmental and Hazardous Materials.
- Statutory Compliance of the Essential Safety Measures and Building Energy Efficiency Certificates (BEEC) and NABERS prior to leasing or sale.
Here are some recent project examples:
COMMERCIAL OFFICE PORTFOLIO OF 19 ASSETS – NATIONWIDE
Including 108 St Georges Terrace, Perth WA
CLIENT: Brookfield
SERVICE COMMISSION: Life Cycle Assessment, 10 year Capital & Maintenance Expenditure Forecast, Asset Registers and associated Tax Depreciation assessments
RETAIL PROPERTY PORTFOLIO OF 14 ASSETS – NATIONWIDE
Including Highpoint Shopping Centre, Maribyrnong VIC
CLIENT: The GPT Group
SERVICE COMMISSION: Life Cycle Assessment, 10 year Capital & Maintenance Expenditure Forecast
PRIVATE HOSPITAL PORTFOLIO OF 20 ASSETS – NSW, VIC, QLD, SA
Including Robina Private Hospital, Robina, QLD
CLIENT: Australian Unity
SERVICE COMMISSION: Life Cycle Assessment, 10 year Capital & Maintenance Expenditure Forecast
6 STAR AGED CARE AND INDEPENDENT LIVING, VAULCLUSE
Including 2 Laguna Street, Vaucluse, NSW
CLIENT: Mark Moran Group
SERVICE COMMISSION: Life Cycle Assessment, 10 year Capital & Maintenance Expenditure Forecast
AGED CARE AND RETIREMENT LIVING PORTFOLIO, NSW & QLD
Southern Cross Care Residential Aged Care, Daceyville NSW
CLIENT: Southern Cross Care
SERVICE COMMISSION: Life Cycle Assessment, 10 year Capital & Maintenance Expenditure Forecast
COMMERCIAL OFFICE PORTFOLIO, NSW & QLD
Including 50 Pitt Street, Sydney NSW
CLIENT: Mirvac
SERVICE COMMISSION: Life Cycle Assessment, 10 year Capital & Maintenance Expenditure Forecast
Our Transaction Advisory team is able to provide the following services for your projects:
- Land transaction technical due diligence
- Project / development monitoring
- Property transaction technical due diligence and benchmarking
- Property condition assessments
- Capital and maintenance expenditure forecasts
- Operational performance reviews and expenditure analysis
- Energy efficiency assessments
- Building improvement reports
- Environmental and hazardous materials assessments
- Regulatory compliance reports, BCA, OHS/WHS, ESM
- Town planning reports
- Land and lease surveys
- Indicative property depreciation schedules
- Replacement cost estimates
- Landlord and tenant dilapidations
- Make good assessments and negotiations
Please do not hesitate to call us to discuss your project:
NATIONAL
Rob Howells
o. 03 9915 6300
m. 0437 649 082
e. rhowells@napierblakeley.com
PERTH
Graham Rigby
p. 08 9489 4895
m. 0419 847 998
e. grigby@napierblakeley.com
SYDNEY
Peter Osborn
o. 02 9299 1899
m. 0439 765 571
e. posborn@napierblakeley.com
BRISBANE
Gavin Peach
o. 07 3221 8255
m. 0412 225 781
e. gpeach@napierblakeley.com
For 33 years and counting Napier & Blakeley have been providing the following services to the property industry:
- Property Acquisition & Disposal Technical Due Diligence
- Property Development Due Diligence
- Quantity Surveying
- Capital Expenditure Forecasting
- Make Good Reporting
- Energy Management
- Development Monitoring
- Property Tax Depreciation
Please contact any of the people below for more information or assistance:
SYDNEY
Alastair Walker
Managing Director
o. 02 9299 1899
m. 0419 503 289
e. awalker@napierblakeley.com
MELBOURNE
Craig Smith
Director
o. 03 9915 6300
m. 0407 371 664
e. csmith@napierblakeley.com
BRISBANE
Paul Mazoletti
National Director
o. 07 3221 8255
m. 0408 749 202
e. pmazoletti@napierblakeley.com
SINGAPORE
Peter Mitchell
Chairman
o. +65 6550 9642
m. +65 9670 9435
e. pmitchell@napierblakeley.com
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