The accuracy of a Retail Property Valuation is essential in order to ensure that a retail business is not overpaying for its premises. If you’ve ever wondered how property is valued, you’re not alone. Valuing property is a complex and misunderstood process, and there are a number of factors that contribute to the final valuation of a Retail Property.
Romeo Property Valuers are experts when it comes to a diverse range of Retail property types including but not limited to, shopping malls, big box retailers and cafes. If you require a valuation of your retail premises, do not hesitate to contact one of our professionals today
Romeo Property Valuers is staffed with highly qualified Registered Property Valuers combining over 50 years of property valuation experience.
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 channels 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.
Retail property valuations are an important part of the business cycle, and they can provide valuable information about the health of your business. Retail property valuations can also help you to negotiate better terms with your landlords or banks.
The most important factor is the location of the property. Is it in a busy shopping precinct or a more isolated location? Other factors that need to be considered include the type of retail businesses in the area, the age and condition of the property, and the proximity to public transport and other amenities. retail properties are often valued by superannuation funds and other investors based on their potential rental income. For this reason, it is important to have a clear understanding of the current market conditions before commissioning a valuation.
Due to the nature of the information required it can take up to a number of days to complete a standard valuation report.
An independent valuer can cost anywhere between $200 – $600. The service also includes a comprehensive valuation report and the whole process can take anywhere from 2-4 days depending on the property size.