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intercommercial property group

Phone 0418 129 299
pflynn@icpg.com.au

Hidden Leasing Costs - NJuly 2023

It is interesting to note that after salaries, the second highest business cost are the rental costs for leasing a premises. In many cases the total cost of occupancy over the term of a proposed lease, is not fully understood, or calculated.

Various additional costs such as outgoings, parking, fitout costs and make good, together with leasing incentives, are not factored into the decision making and evaluation process. Accurate budgeting will reduce risk, and save time and money.

The most appropriate financial analysis to use when considering leasing a property is to establish and compare 'whole of lease' term costs.

If you are thinking of moving, then now is a great time to plan the move, to ensure the best outcome for your business, money and reducing risk in the process. This will give you peace of mind, and the confidence to make an informed decision.

North East Link Project - The Art of Negotiation

Compulsory acquisition of leasehold and freehold premises, together with uncertainty and business disruption, is a consequence of Melbourne's North East Link project. Intercommercial Property Advisors Group has been working closely with some businesses affected by the project. Primarily, to reduce risk, inform tenants and building owners, and save time and money, based on the individual circumstances applicable to each business affected. We can also help with leasing, purchasing and relocating to new industrial and commercial properties, impacted by the North East Link, particularly in the Bulleen Industrial Precinct. Peter Flynn - Feel free to call me for a brief chat. M: 0418 129 299 E: pflynn@icpg.com.au W: www.icpg.com.au

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