OK, so it looks like we're about to receive an offer on our Commercial warehouse..
Here's the kicker though.. it will only be for 2 years.
Reason: The customer has purchased a vacant block in the next street that they settle on in 2 weeks. They are currently in a premises they need to vacate in 5 weeks.
Which means they will need somewhere temp whilst the new premises has plans submitted and is then built.
They think they will only need it for 18 months but the agent has already stated "don't even bother with anything under 2 years"
So here are the questions...
1: Does anyone have any idea on approx time frames an industrial building normally (if you could use such a word) takes from the day you start planning permits to the day you'd move in. I know it's a very broad number but I'm only after estimates and the building size would be approx 2,000 Sqm incl an office component.
2: We've had about 5 parties through there in the last 2-3 months so it's getting interest but this will be the first offer we've had. Although it's close to the port of Melb and CBD, it doesn't have a high roof which is a little limiting but not all together bad.
Would you take the lease or wait for a better offer?
3: I'm thinking if they offer a 2 year lease then month to month (once the new place is being being finished) we'd request access to keep showing potentials through from about the 18 month mark.. Thoughts!
What other caveats / clauses should we include in the lease other than the usual make good, access etc?
4: How much and what type of $$$ guarantee should we request? EG:What's the going rate on 2 years and should we simply request this as a bank deposit into our account?
I'm sure I have other questions but that's all I can think of at the moment?
cheers
B.D
Here's the kicker though.. it will only be for 2 years.
Reason: The customer has purchased a vacant block in the next street that they settle on in 2 weeks. They are currently in a premises they need to vacate in 5 weeks.
Which means they will need somewhere temp whilst the new premises has plans submitted and is then built.
They think they will only need it for 18 months but the agent has already stated "don't even bother with anything under 2 years"
So here are the questions...
1: Does anyone have any idea on approx time frames an industrial building normally (if you could use such a word) takes from the day you start planning permits to the day you'd move in. I know it's a very broad number but I'm only after estimates and the building size would be approx 2,000 Sqm incl an office component.
2: We've had about 5 parties through there in the last 2-3 months so it's getting interest but this will be the first offer we've had. Although it's close to the port of Melb and CBD, it doesn't have a high roof which is a little limiting but not all together bad.
Would you take the lease or wait for a better offer?
3: I'm thinking if they offer a 2 year lease then month to month (once the new place is being being finished) we'd request access to keep showing potentials through from about the 18 month mark.. Thoughts!
What other caveats / clauses should we include in the lease other than the usual make good, access etc?
4: How much and what type of $$$ guarantee should we request? EG:What's the going rate on 2 years and should we simply request this as a bank deposit into our account?
I'm sure I have other questions but that's all I can think of at the moment?
cheers
B.D