The process of commercial valuation is used to determine the worth of a property or business. This can be done for insurance purposes, tax valuations, property sales and other reasons. Aside from inspecting the property’s condition, the property’s history and potential for future income are assessed. Ultimately, the goal of commercial valuation is to provide an accurate estimate of a property or business’s worth.
Romeo Property Valuers’ qualified property valuers can give you the most accurate estimation possible for your commercial property. In addition to our own experience, we do plenty of research into the market and nature of your business, ensuring that we have the whole picture before making an estimate.
Romeo Property Valuers is staffed with highly qualified Registered Property Valuers combining over 50 years of property valuation experience. We are experienced and have completed many deceased estate valuations in Sydney.
The Director, Vincent Romeo, sits on the Board the Australian Valuers Institute and acts as an advisor and mentor to many Registered property Valuers throughout NSW.
Romeo Property Valuers have acted for many Private, Corporate and Government clients in their tenure as one of the leading Valuation firms in NSW enabling Vincent Romeo an opportunity to offer his property valuation expertise on Channel 10’s popular lifestyle show “The Living Room”.
Other than being highly accredited as Registered Property Valuers throughout NSW we have an extensive range of knowledge and experience in the Property Analysing process and pride ourselves on delivering comprehensive property analysis and subsequently reliable and accurate property valuations. We are constantly observing and educating ourselves with the trends and changes in the market in order to make sure your property valuation is accurate, precise and reliable.
To make an informed property purchase or else in order to obtain solid returns on your home’s equity, you require accurate and realistic data. We strive to deliver market-leading strategic and innovative property advice using state-of-the-art valuation and information technology systems in order to enable you to make informed financial decisions.
While it may not be the most direct source of influence, a tenant that leases the property for a longer term and is clearly doing well financially does improve valuation, as the property is demonstrably profitable to use.
GRM is Gross Rent Multiplier. It takes into account annual gross rent generated by the commercial property and its selling price to calculate the value of the property.
The cap rate, or capitalisation rate, is a ratio based on the property’s value and operating income.