Five yearly market review. Landlord sought to maintain current rent levels.

Magor branded Supermarket had opened a new store in a superior position on a Gross Effective Rent of $200,000 standardised to the businesses’ lease in question.

A GEM Lease Analytics™ report supported $190,000 to $210,000. Well known valuer determined market rent at $268,000 being circa a $440,000 benefit over five years.

Due to illness of one of business owners they were able to divest and move on. In effect the new supermarket, plus supporting evidence, could have provided the valuer with strong evidence which GEM Lease Analytics™ is programmed to standardise to the business whose rent is being evaluated, to determine the rent at a lower level.