Complete Articles

Video Update

Why warehouses and sheds are in hot demand

Click below to watch the video Following is the video transcript. With the change in global supply chains, the old norm of just-in-time ordering – placing an order today and receiving the goods tomorrow – has turned into weeks and months of backorders. Many of our commercial clients are now seeking more storage. Retailers are…Read More→

Why rethink a commercial building’s use?

Click below to watch the video Following is the video transcript. 18 months ago we had an 18 per cent vacancy along Mount Gambier’s main street. With two indoor shopping centres, Commercial Street is no longer the retail shopping hub of old. Owners now need to consider how to attract a different type of tenant. …Read More→

Why lease your commercial property before selling?

Click below to watch the video Following is the video transcript. When property buyers consider a commercial asset, they first need to satisfy lenders that their acquisition will be a profitable investment. Most financiers like to see a lease profile of at least two years for a commercial property. A locked-in lease offers a lower…Read More→

How to bring life to shared commercial spaces

Click below to watch the video Following is the video transcript. Herbert Commercial is working with Mount Gambier’s premier heritage site, the former Oatmill complex, now called The Mills, where I am sitting right now. We’ve been securing high-end tenants to suit the quality of the refurbished precinct. Part of the process has been finding…Read More→

Hot commercial sectors: industrial and logistics

Click below to watch the video Following is the video transcript. Commercial property investors are looking to logistics for growth and yield. This sector is expected to be the strongest performing over the next three years. In fact, property experts have forecast an average return of more than 9 per cent. Throughout the pandemic, we…Read More→

Key commercial property market trends

Click below to watch the video Following is the video transcript. Mount Gambier’s commercial property owners should not only look at local trends but also state-wide and national trends. These trends include growth in NGOs, NDIS service providers, and health and training sectors. The Federal Government estimated within the Long Term National Health Plan that…Read More→

Ways to add value to commercial buildings

Click below to watch the video Following is the video transcript. If your commercial property is aged, worn or still configured for a previous tenant, you should consider making it more generic. A blank canvas opens up more possibilities and suits a broader range of business types, adds value and increases income. So, what kind…Read More→

Why update a Mount Gambier heritage building?

Click below to watch the video Following is the video transcript In Mount Gambier, we’re lucky to have some fantastic heritage buildings used for commercial purposes. But they can be stuck in the past. Sometimes we need to bring them into the 21st century so they’re more usable. But what changes can you make to…Read More→

When to book a commercial lease or market rent appraisal?

Click below to watch the video Following is the video transcript There are two key areas of focus with a commercial property; whether the rent is currently set at or above current market rates, and whether the terms and conditions are being applied as per the commercial lease agreement. By arranging a rental appraisal with…Read More→

Diversify your property portfolio with commercial

Click below to watch the video Following is the video transcript Property investors often think they need to choose between investing in residential property or commercial property. The truth is, you’re better off with a mixture of both. Residential might have a greater number of potential tenants, meaning a lower risk of vacancy. However, commercial…Read More→