Graham Rigby

Season’s Greetings from Napier & Blakeley

santa-present-beach-reduced2016 was quite an incredible year with significant global change and with it, new opportunities opening up for us here in Australia.

It was also another busy year for Napier & Blakeley, with our independent trusted advisory services again being in great demand from both local and offshore clients investing in Australia and SE Asia.

In 2016, we managed client projects across all states and territories of Australia and also in Singapore, Hong Kong, Indonesia, Sri Lanka, Fiji, The Maldives, Guam and New Zealand.

We would like to say a big thank you to all of our clients and send all of you and your families our Season’s Greetings.  We look forward to working with you again and to a successful and prosperous 2017 for all.

Our offices will close at 5pm on Friday 23rd December and reopen on Monday 9th January.

Should you have any urgent business during that time, please contact our Managing Director, Alastair Walker on 0419 503 289 or at awalker@napierblakeley.com. Continue reading

Napier & Blakeley Brisbane has moved up in the world…

… by moving from Level 7 to Level 8.

We’ve always liked this building, having been one of the original tenants, and now our people are enjoying the bright new fitout.

We invite you to pop in and say hello any time to have a look at our new place and have a chat.

All our contact details remain the same – just go to 8 and not 7.

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Is your Lodgement day approaching ?

The end of the financial year has come and gone and if your tax lodgement day is approaching we can still assist you to maximise the tax deductions available on your investment property.

Not only can we assist you, we guarantee that you get maximum deductions and also be fully compliant with the A.T.O. as we are Registered Tax Practitioners.

Napier & Blakeley, the first Property Depreciation Company and still the best – just ask your Accountant.

Call Napier & Blakeley today for assistance with your Tax Depreciation Schedule or any other Napier & Blakeley services at any of our offices below:

Peter Osborn Backgroundv2
SYDNEY

Peter Osborn
Director – NSW, ACT
o.   02 9299 1899
m.  0439 765 571
e.   posborn@napierblakeley.com Continue reading

Project Advisory

We provide project advisory services to institutional and non-institutional owners, corporate occupiers and financiers, of all investment property types, as well as healthcare, aged care and residential.

With a market leading brand, now in our 31st year of business, we have a unique reputation of gaining a deep understanding of our client’s business and industry so that project needs and outcomes can be strategically aligned to business plan objectives and to demonstrate return on investment.

Our project advisory services are provided by industry leading experts and from a multidisciplinary perspective extending beyond project advisors, development managers, building consultants, services engineers and energy efficiency specialists through to quantity surveyors who provide cost certainty and tax depreciation specialists who ensure projects benefit from a cash flow perspective. Continue reading

Technical Due Diligence

Consistency, Clarity and Efficiency

Napier & Blakeley Due Diligence Reports are accepted by institutional grade investors – including REITS, super funds, sovereign funds, family offices, financiers and private equity globally.

We’re the market leader in the provision of Technical Due Diligence, demonstrated by the fact we’re involved in about 75% of all significant commercial property transactions to occur in Australia.

The key here is that a Napier & Blakeley Report is acceptable to all parties to a transaction.

Independence, Value, Risk Management and Upside

A Napier & Blakeley Due Diligence Report provides value to investors and their financiers as we are truly independent from the transaction, management or valuation of an asset.

We focus only on those financial matters, short to long term, material to the investment decision. Risk Management is facilitated by the allocation of probability of events occurring against their possible cost implications. This provides for a risk weighted expenditure forecast. Continue reading

Are Triple Net Lease Property Investments Risk Free?

Many property investors believe that triple net leased property investments make for good, safe, passive investments.

This can be the case, but there can also be serious financial consequences should they not be managed properly.

Triple net leases differ from traditional leases in that the tenant is generally responsible for all of the operating expenses including repairs, maintenance and life cycle capital expenditure – a new roof, air conditioning system, lifts, and the like.

However, there are risks to be aware of with such property. Triple net lease investments are often single tenanted properties, perhaps with a special purpose or use.

The commercial stability of the tenant is of course fundamental in any investment, but in a triple net lease are they also going to:

  • Take a proactive and planned approach to managing the asset?
  • Keep on top of property maintenance and life cycle repairs and replacements?
  • Fully understand what their obligations are?
  • Know how to live up to and manage their end of the bargain? Continue reading

It’s Tax Time

tax.time_-753x269Before you instruct us to do your detailed Depreciation Schedule, we can tell you how much your tax deduction will be.

Then… you can decide if we provide value for money.

So if you have…

  • Acquired an investment property of any age, type or in state of repair;
  • Completed any construction works;
  • Completed a fit out;
  • Had a tenant leave your property and you have inherited their fit out;
  • Had a tenant leave your property and you have removed their fit out and made good;
  • Paid any $ towards a tenant fit out. Continue reading

Important changes to the Commercial Building Disclosure Program

A view of Sydney's skyline from the Royal Botanical Garden. 30.07.12Following a comprehensive review of the Commercial Building Disclosure (CBD) Program earlier this year, and public consultation on the proposed changes to the program, the Australian Government announced this week that the mandatory disclosure threshold on commercial office buildings will reduce from 2000 square metres to 1000 square metres starting 1st July 2017.

Importantly, this impending expansion of the regulatory requirements of the CBD program to include additional commercial office buildings, also comes with the announcement of reducing the regulatory requirements for the Tenancy Lighting Assessment (TLA) component by increasing the TLA validity period from 1 to 5 years from 1st September 2016. Continue reading

‘Make Good’ Planning Makes Good Sense For Leased Property

Fortunately, only a few Make Good disputes end up in the Courts. However, the potential for protracted arguments is on the rise.

Some of the drivers include:

  • Changing conditions in the resources sector seeing engineering firms and the like, downsize;
  • Large corporates relocating to new developments;
  • An increasing demand for smaller spaces generally, through improved efficiencies and flexible work environments.

When it comes to handing back tenancy space the Lessee will need to comply with obligations to ‘yield up’. This is typically where the arguments start. Differences of opinion in who owns what; what work needs to be done to return the property to a condition ‘as at commencement’; whether current condition falls under the exception of ‘fair wear and tear’; and whether the extent of partial repair requires full replacement – to mention a few.

Disputes that run beyond the lease term are settled by ‘damages’ – a financial settlement following a claim. These not only include the costs associated with the physical works (typically $200 – $300/sqm for offices) but also legal costs, loss of rent and outgoings.

The good news is that such arguments (and additional costs) can be avoided – through good planning. Continue reading

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:

  • What needs to be repaired, replaced or improved?
  • What are the priorities?
  • When does it need to be done?
  • What could safely be deferred?
  • How much will it cost?
  • What will be the return?

Napier & Blakeley can help answer all of these questions and more. Our expertise extends beyond 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.

Spending money is not all bad news:

  • Needs can be prioritised.
  • Cash flow can be improved through capital allowances and tax depreciation.
  • Valuations can be improved. Continue reading