Capex Planning Makes Property More Valuable

Published May 12, 2016 | By Napier & Blakeley

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.

There are many drivers for capital expenditure and some of the considerations include:

Age, condition and remaining useful life of the structure, fabric and the building services.
Performance of plant and equipment such as lifts and air-conditioning.
Obsolescence, attractiveness to tenants and market positioning.
Highest and best use.
Compliance with Building Code, Premises Standards, accessibility, WHS and Environmental and Hazardous Materials.
Statutory Compliance of the Essential Safety Measures and Building Energy Efficiency Certificates (BEEC) and NABERS prior to leasing or sale.

Here are some recent project examples:

Our Transaction Advisory team is able to provide the following services for your projects: