Hi there,
Just wondering, is anyone here experienced with small sized commercial developments at all ??
We’re looking at development projects at the moment….. First thought is tilt slab factories on a block of land in QLD……
Has anyone done something like this before here, and, if so, would you mind sharing your experience / lessons learned ?
Cheers
Scott
You may know the cost of everything…. but what about the value ????
Hi
We look for an existing demand in a particular area that needs to be satisfied. Its too big a punt to have a place empty.
A precommittal from a tennant is the best place to start. An agent becomes a valuable part of your team here to source the tennant and give you an idea of the rental per sq m pa.
With those numbers you can work backwards to a cost per sq mtr for construction costs, (tilt built is reasonable around $550 per sq mtr). Add in your land costs and on costs to see if it stacks up yield wise.
Then go and find comparables in the area to ensure your not too far off track.
I don’t know one end of a hammer from another and don’t need or want to either, I believe its understanding the numbers and having the people skills to do the deal and get the thing built, quickly and efficiently. Use your skill, judgement and a pinch of luck never goes astray.
Good luck.
Regards
Tony
Tony,
Thanks for that…. most informative…..
We’re looking to start on projects early next year…..
Cheers
Scott
You may know the cost of everything…. but what about the value ????
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