We are all about possibilities. We never feel restricted by the traditional constraints of some agents; rather, we’re more interested in the potential of what could be.
Naturally, we aim to maximise your investment by optimising the return. However, we don’t simply judge our performance by our results. The real measure of our success is the satisfaction of our valued clients. Whatever your commercial property demands, our technology and quality systems ensure that our clients assets are managed with the greatest of care and attention to detail. You should expect excellence from your Coastal team, and we would consider it a privilege to be entrusted with the management of your property.
Services.
Whether you own a single commercial property or an entire portfolio, its success hinges on effective commercial property management.
Owners need to go to great lengths to ensure they meet the needs of both the building and the tenant. It’s a time-consuming prospect. It also requires expertise that not every commercial property owner has. As such, commercial property owners should consider enlisting the services of a commercial property manager.
A commercial property manager can provide you with services that increase the efficiency of your operation and will save you time and money. Many property management companies offer services across a variety of properties, but if you are in the commercial property business, you should look for a company that specialises. There is a major difference between commercial tenancy requirements and residential needs.
A commercial property management company will provide you with the level of expertise you need to maximise your investment.
Cash Flow
With specialised software, a property manager ensures rent is charged, collected, and disbursed via an easy automated process. This reduces the likelihood of late payments and streamlines the payment process. If there are late payments, the system will automatically levy late fees.
Communication
Every business has unique needs; they’re on different leases and have their own challenges. A property manager can manage the different responsibilities you have agreed on with each tenant. It can be challenging for anyone, but especially if you own multiple properties. It’s the same software that improves cash flow that also improves tenant communication. With a single click, an entire building can be notified of maintenance work or building changes. It’s a great way to reduce tenant turnover.
Maintenance
Repairs are inevitable, and a property manager can contact a reliable contractor to take care of the issue immediately. They negotiate rates ahead of time and have trusted contractors that meet all insurance requirements. It’s fast and efficient.
We can help you maximise the return of your investment. It’s this difference that helps take our Property Management to the next level.
Our management of your property will include but is not limited to:
• Invoicing and collection of rent
• Management of arrears
• Performing annual rent reviews as per their Commercial Lease Agreements and providing written notice to the Lessee and Lessor of the review.
• Lease Renewals – informing the Lessor and Lessee’s of upcoming Lease renewals, provide a market rent appraisal, prepare, or advise solicitor to prepare required lease documents for signing.
• Ensure Lessee compliance as per their commercial lease agreements:
- Keep record of Lessee insurances (Public Liability and Plate and Glass)
- Ensure Tenants are completing annual pest sprays.
Letting commission
- Ensure Lessee’s are servicing and maintaining the Landlord’s equipment such as air conditioners, fire extinguishers, grease traps etc.
• Management of Maintenance
• Management of Fire Compliance in common areas.
• Maintain and ensure regular service contractor agreements are being fulfilled.
• Payment of invoices
• Complete 6 monthly Routine Inspections and provide a written report.
• Complete Entry and Exit reports and details of keys supplied.
• Keep up to date and provide when required Tenancy Schedules.
• Provide monthly owner statements and Financial year statements.
• Complete and audit annual outgoings budgets.
Executive Summary. Key Information. Management commission 5% of the net rent collected + GST, payable upon disbursement of funds of the actual sale plus GST, payable upon settlement
We propose the fee structure for the leasing of your property be a total fee of:
• Month by month - Equal to one month net rental plus GST
• One year plus lease - Equal to 10% of the first years net rental plus GST
• Two years plus lease - Equal to 12% of the first years net rental plus GST
• Three years plus lease - Equal to 13% of the first years net rental plus GST
• Four years plus lease - Equal to 14% of the first years net rental plus GST
• Five years plus lease - Equal to 15% of the first years net rental plus GST
• Six to nine years plus lease - Equal to 17% of the first years net rental plus GST
• Ten years plus lease- Equal to 20% of the first years net rental plus GST. Which is payable upon a successful settlement of a lease.
Insurance claims Complimentary
QCAT claims $80.00 Per hour
Lease renewal fee Complimentary
Queensland’s most awarded team.
We value your time. We will take care of your commercial investment so you have time to focus on what’s important. Our dedicated and diligent commercial property management service is available around the clock.
Jessica Morgan
Commercial Property Manager
0466 670 334
jessica.morgan@coastal.com.au
DebbiePunch
Commercial Property Manager 0421 021 007
debbie.punch@coastal.com.au