Edmonds & Associates Pty Ltd has performed a range of tailored services for a variety of clients. We are frequently engaged by private property owners and investors for valuations associated with property investment, development and legislative requirements. We have provided extensive valuation and advisory service to the SME sector on matters associated with specialised property and business valuation. We have also been engaged as consultants by various law firms, corporate entities and non-for profits.
Case Study 1: Compulsory acquisition of a fast food operator.
Sydney Metro will deliver 30 kilometers of metro rail between Chatswood and Bankstown. A building facilitating a fast food restaurant was subject to compulsory acquisition. How did we assist?
COMPENSATION FOR RELOCATION OF LESSEE
We assessed the business and its activities on an extinguishment and relocation basis to provide our clients with invaluable advice. The following activities were undertaken:
Assessment of any profit rent subject to the lease terms,
Analysis of relocation costs including project management & fit out,
Calculation of any loss of profit pursuant to the acquisition
Provision of expert report for the client.
Negotiation with the acquiring authority and parties involved in matter.
Case Study 2: Transfer of Common Property to unit Holders.
In order to raise money for much needed repairs and maintenance, modernise the complex and add value our valuers were engaged to prepare an assessment of the value of common areas.
PROVIDING VALUES FOR INDIVIDUALS AREAS
We have assisted body corporates and unit owners in negotiating these transactions by providing research and valuation of individual areas including internal, external, car parks and outdoor garden areas.
Our valuation satisfied the Office of State Revenue requirements.
Careful assessment of transaction requirements.
Extensive market research.
Provision of expert reports for the client.
Car spots, LUG, Internal Areas, External Areas.
Case Study 3: Litigation win with support of EA Valuers.
Our valuers have been involved in numerous litigation matters as expert witnesses. For specialised property a valuer with accounting qualification and expertise can make all the difference.
GOURMET MEAT PRODUCER’S COMPULSORY ACQUISITION
By understanding the relationship between the business and the property components of this highly specialised property we were able to provide support in the Land and Environment Court to our clients. Our valuers undertook a detailed analysis which included :
Analysis of financial accounts and business records,
Explanation the relationship between business, property and special value.
Provision of expert witness reports and court appearances.
Case Study 4: Deceased Estate. To renovate and sell or to sell as is?
We assist private clients with a variation of property investment questions. Capital works investment decisions need to be assessed in accordance with the market.
THINGS TO CONSIDER PRIOR TO CAPITAL WORKS
We have performed a number of valuations on an “as is” and “after capital works” basis. What would be the increase in value after a renovation, extension or second level to a property.? This would dependent on:
The supply and demand of property in your location.
The extent and quality of the capital works.
Will there be any view or aspect benefits.
The cost of the capital works.
What improvements are being added e.g. LUG, bedrooms.
“Nicole, Thanks for providing the strata valuation so quickly. The exclusive use rights were a bit tricky. Much appreciated.”
In this article EA Valuers summarises the Department of Health's Red Book regulation initiatives and how valuers may assist health care professionals and business owners in avoiding inappropriate commercial relationships between "requesters" and "providers".
As per a recent post by the Property Council of Australia available here The NSW Government last week announced reform of the compulsory acquisition of homes for the building of infrastructure in NSW. The reforms [...]