LJH Commercial

08 LJ HOOKER COMMERCIAL MACARTHUR Top of the line office facilities are mandated for government agencies, and well-fitted offices are necessary for many established businesses. Additions such as these will naturally improve the worth and interest in your commercial property. Future development potential Commercial properties that are under-developed, or aren’t using their total potential space, are often deemed to have ‘upside’ potential. That means the site on which the asset or assets are located is worth more than the buildings it houses. For instance, a 1200m 2 block of land outside the CBD may be zoned for low-medium density residential development. But it currently houses a 450m 2 electronics repair shop and car park with 10 spaces. The undeveloped site is worth $1.8 million. But with a development approval for six apartments, the site could be worth double. The likelihood of capital growth is even stronger if the site is close to current or future infrastructure that benefits a tenant or future owner-occupant. If a site has the potential to be rezoned in the future for more valuable land uses, such as residential to commercial, the asset also increases in capital growth.