ISSUE 176 | DECEMBER 2024 | 02 9630 8000 | PAGE 6 BAWDENS ASSET MANAGEMENT Skilled Asset Managers Manage Arrears and Protect Investments At Bawdens, our comprehensive arrears process is designed to proactively address tenant defaults to protect property owners interests. In a recent case Bawdens Director Joumana Tarabay swiftly identified a default through our meticulous monitoring system, which flagged the tenant’s arrears early. By acting promptly, we were able to engage with the tenant on an enforceable solution, culminating in the termination of the lease to mitigate further potential loss to the property owner. This allowed for a recovery plan to take effect quickly. Our structured approach ensured that all outstanding arrears were recovered from the tenant’s bond, the bond held equated to 4 months gross rent. Having a bond of this size enabled us to collect sufficient funds to complete the required make-good works and manage other re-leasing expenses, including marketing. With these costs accounted for, the property was positioned for immediate lease, ensuring minimal vacancy and uninterrupted income flow for the owner. This process exemplifies the effectiveness of both Bawdens’ arrears management and leasing team working efficiently together. Bawdens were able to secure a new lease with a stronger covenant with favourable terms. The new tenant offers a higher level of reliability and commitment, aligning with the owner’s long-term goals. This case underscores the value of Bawdens robust arrears process and dedication to achieving the best possible outcomes for our clients. YSOLD BY BAWDENS NEWS BRH Steel Strengthens up Additional Space in Riverstone Presently located around the corner from 41 Wellington Street, Riverstone, they have purchased this old-style freestanding warehouse of 417m² on a site of 930m². It was sold for $2,100,000.00 + GST ($5,035.97 psm). The deal was completed by Bawdens Senior Consultant Graeme Scott. For the latest media releases & market trends visit our website www.bawdens.com.au Space in demand 0-500m² 500m² - 2000m² >2000m² 39% 36% 25% Rydalmere 370m2 approx. Freestanding Warehouse • Multi-users including food processing • High clearance warehouse • 3 phase power • Good truck access Terry Saba: 0416 175 009 FOR LEASE
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