Property Rent Review
Property Rent Review
Order Description
To assess the Market Rent for the subject property (457 Tufnell Road, Banyo, Brisbane, Australia). You will need to make investigations into the leasing market not only of the rates applicable but the terms that leases are being struck on.
The final rental figure and terms have to be supported with a full lease rental analysis for the selected property and its particular location. All final assessments have to be supported by current market information including factors such as existing and proposed competition, current vacancy rates for the location and current economic conditions.
Data can be sourced from:
• Major real estate agents research reports (CBRE, Colliers, Knight Frank etc)
• Property sections in major newspapers
• Internet reports
This assessment is to be presented as a report that provides the rationale for the rental figures that are adopted for the property, details of the comparable lease information (which is provided) that has been used to assess the rent and the final lease rental figure that has been determined, together with any other property and lease information that would be deemed applicable.