Capex Planning Makes Property More Valuable
If you’re an Owner or Manager of commercial property, you may well now be planning budgets and setting targets for the year ahead and beyond.
There are a number of questions to be answered:
- Are there any priority issues that need to be managed?
- What needs to be repaired, replaced or improved?
- When do these need to be done?
- What could safely be deferred?
- How much will it cost?
- What will be the return?
Napier & Blakeley have developed software which enables the allocation of budget forecasts as well as the associated tax depreciation benefits that may follow. These forecasts can be viewed by individual asset, by level, or tenancy, by whole building and by whole portfolio, providing an holistic insight to manage expenditure and priorities.
The initial assessment process is made possible by our Services Engineers, Building Consultants and Quantity Surveyors who have current cost information to produce cost estimates and property tax depreciation reporting aligned to the commercial goals of your business and intentions for the property. Continue reading
Commercial Building Disclosure (CBD)
Commercial Building Disclosure (CBD) is a national program designed to improve the energy efficiency of Australia’s large office buildings.
The disclosure requirements under the CBD program will commence on 1 November 2010.
The CBD program will ensure that credible and meaningful energy efficiency information is available to prospective purchasers and lessees of large commercial office space. Owners and lessors of commercial office space with a net lettable area of 2,000m² or more will be required to disclose energy efficiency information to prospective purchasers and tenants when the space is to be sold, leased or subleased.
Transitional Provisions
The legislation contains transitional provisions that will apply for the first twelve months of the program (i.e. from 1 November 2010 to 30 October 2011). During this period, a valid National Australian Built Environment Rating System (NABERS) Energy base or whole building rating, must be disclosed. After the transition period, a full Building Energy Efficiency Certificate (BEEC) is required to be disclosed.
