Who this is for
- Owners and investors in commercial or industrial property
- Landlords and tenants facing a market rent review
- SMSF trustees holding business premises
- Accountants, lawyers and executors needing a formal value
What you get
- Full inspection of the property
- Long-form report with sales and leasing evidence
- Current, retrospective or market rent assessment as required
- A written report signed by a Certified Practising Valuer
- Delivery within a 7-day turnaround
Valuations for business property
Commercial and industrial property is valued differently from a home. The lease, the rent, the tenant, zoning and the way the building can be used all affect what it is worth. A commercial valuation needs to take all of this into account, which is why every commercial and industrial job is a full inspection with a long-form report.
Commercial and industrial valuations start from $975 + GST, with a 7-day turnaround.
Purposes covered
Commercial and industrial valuations can be prepared for:
- Current market value, for accounting, decision-making or your own records
- Pre-sale and pre-purchase advice, before you list, bid or make an offer
- Rental review, to assess the market rent for a lease review
- SMSF reporting, for business premises held in a self-managed super fund
- Building replacement insurance, to help set a sum insured
- Mediation and family law, where business property is part of a settlement
- Probate and deceased estates, including date-of-death values
- Taxation and retrospective value, including capital gains tax
- Stamp duty, for transfers between related parties
For purpose-specific details, see SMSF valuations, insurance replacement valuations and capital gains tax and retrospective valuations.
Types of property
Common commercial and industrial properties include shops, offices, factories, warehouses and mixed-use buildings. Tom has also valued more specialised property, including recycling and waste depots, ski lodges and historic buildings of the University of Melbourne. If your property is unusual, it is worth a call to talk it through.
Why desktop is not offered
Desktop valuations are only available for residential property under $1M. Commercial and industrial property varies too much to value without an inspection. The building, fit-out, access, lease and site all need to be seen and considered. The guide to desktop, kerbside and full inspection valuations explains how the types differ.
What happens after you enquire
You deal directly with Tom Nagy, the valuer who inspects the property and prepares the report. When you get in touch, have the following ready if you can:
- the property address and a description of the buildings
- the purpose of the valuation and the date it is needed at
- a copy of any current lease, including rent and outgoings
- any deadline, such as a settlement, rent review date or audit
Tom will confirm the scope and fee, arrange the inspection and deliver a long-form report within the 7-day turnaround. Current rates are on the pricing page.
Why an independent Certified Practising Valuer
A commercial valuation is often relied on by several parties, including lenders, landlords, tenants, auditors and courts. An independent Certified Practising Valuer gives an opinion based on market evidence, not on who is paying.
Tom Nagy holds current CPV registration with the Australian Property Institute and has more than 30 years in real estate and property valuation, in Melbourne, Queensland and Northern Victoria. His reports are accepted by the courts, the ATO, the State Revenue Office, municipal councils and professional bodies.
This page is general information only. For advice on leases, tax or legal matters, speak with your lawyer or accountant.
Call 0407 835 388 to talk about your commercial or industrial property, or request a quote.
Common questions
How much does a commercial valuation cost?
Commercial and industrial valuations start from $975 + GST. The final fee depends on the property type, size, complexity and purpose. Because you speak directly with the valuer, you can describe the property and get a clear quote before you book. See the pricing page for current rates.
How long does a commercial valuation take?
Commercial and industrial valuations have a 7-day turnaround. If you are working to a particular deadline, such as a settlement, a rent review date or an audit, mention it when you first call so the timing can be discussed before you book.
Can I get a desktop valuation of a commercial property?
No. Desktop valuations are only offered for residential property under $1M. Commercial and industrial property depends heavily on the building, its condition, the lease and the site, so every commercial and industrial valuation includes an inspection and a long-form report.
Can you help with a market rent review?
Yes. Rental review valuations assess the market rent for a commercial or industrial property, based on leasing evidence for comparable premises. A lease may set out how a rent review is to be carried out and who can act as valuer, so check the lease terms, and ask your lawyer if you are unsure, before you instruct a valuer.
What kinds of commercial and industrial property do you value?
Common examples include shops, offices, factories, warehouses and mixed-use buildings. Tom has also valued more specialised property, including recycling and waste depots, ski lodges and historic buildings of the University of Melbourne. If your property is unusual, call to talk it through before booking.