Lease Option: Market Review
Existing Gross Rent: $108,000 p/a
Landlord Gross Rent: $150,000 p/a
GEM™ Evaluation: $90,000 to $110,000 p/a
Rent Determined by Branded Valuer: $108,000
Total 5-year Benefit: $230.000
Five yearly market review came around again. Landlord’s agent sought a large increment, when local conditions and infill local competition did not support.
New leases available in the area at rents of circa $70,000 to $90,000 with equivalent business opportunity.
A GEM Lease Analytics™ report pointed to $90,000 to $110,000. Branded valuer determined Market Rent at similar rent as GEM™ had proffered.
