Retail Property Valuation
Strip shops, shop-top property, showrooms, food and beverage premises and neighbourhood centres. Valued on location, lease and the tenant behind the rent.
Location, lease and tenant
Retail value is concentrated in a few metres of frontage. A shop on the busy side of the street, near the anchor tenant or the station, will command a different rent and yield from one a block away. The valuer studies the strip or centre as a whole as well as the individual shop.
- Pedestrian traffic, visibility, frontage and exposure
- The tenant, the lease term remaining, options, rent reviews and any incentives
- Whether the lease is subject to the state’s retail leases legislation, which affects outgoings recovery and some lease terms
- Vacancy in the strip or centre and the depth of tenant demand
- For shop-top and mixed-use property, the residential component and how it is accessed
Single shops and small centres
A single leased shop is usually valued by capitalising its net income, with direct comparison against sales of similar shops as a check. Small neighbourhood centres with several tenants may also be valued with a discounted cash flow so that each lease expiry is modelled. Vacant shops are valued on comparable sales and an assessment of market rent and letting-up time.
Fees and process
Retail valuations are quoted on scope, from $1,980 including GST. Leases and a tenancy schedule speed things up. Request a quote and we send a fixed fee before any work starts.
Questions people ask
What documents do you need for a shop valuation?
The lease and any variations, the most recent rent review, outgoings details and the floor area if you have it. If the shop is vacant, details of any recent letting enquiries help.
Do you value shop-top property with a residence above?
Yes. Mixed-use property is valued as a whole, taking into account both the retail and residential components and how each would be let or sold.
What is your property worth?
Tell us what you need valued and why. We’ll show you the right valuation and what it costs.