Raine and Horne Commercial

12 Capex Planning Makes Property More Valuable If you’re an Owner or Manager of commercial property, you may well now be planning budgets and se ing 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, a ractiveness 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. Napier Blakeley’s national team of Chartered Building Surveyors, Building Consultants, Services Engineers and Cost Planners prepare accurate, considered and detailed Capital Expenditure Forecast for all commercial property types. To learn more please contact our team on 07 3221 8255. Wri en by Napier Blakeley