In the fast-paced world of commercial real estate, Raine & Horne Commercial North Sydney, led by dynamic duo Jay Sheffield and Nick Moloney, consistently stands out by providing exceptional and unique services that cater to the investment needs of their clients.
In a recent development, the Raine & Horne Commercial North Sydney team received a request from one of their valued long-term clients. The client sought assistance evaluating a high-end retail property in historic Balmain across town in Sydney’s Inner West.
This premium retail space had been leased to a wellness specialist, securing a long-term agreement spanning over 10+5+5 years. The lease agreement featured an annual increase tied to the Consumer Price Index (CPI) with an additional 1% increment. Furthermore, the tenant is responsible for covering the outgoings.
Before making any decisive moves regarding the property, the client wisely sought the expert advice of Jay and Nick from Raine & Horne Commercial North Sydney to ensure a well-informed decision. Jay explained, “This is one of our long-term management clients looking to expand their commercial portfolio.”
Jay maintains that helping clients buy an investment asset is different from a typical service offered by commercial sales agents. “This opportunity came via our property management department, and we assisted with identifying a suitable investment to complement this client’s portfolio and in keeping with their investment strategy.
“We do whatever we can to assist our management clients with growth.”
The Raine & Horne Commercial North Sydney team left no stone unexplored on behalf fo the private client. According to Jay, the team diligently attended the inspection, thoroughly examined the lease and fit out, meticulously reviewed all the facilities, ensuring compliance and scrutinising heating, ventilation, and air conditioning (HVAC) items. “We liaised with our client’s solicitor and negotiated the final terms, including the price. We dealt directly with the commercial sales agent who had the listing every step of the way.”
Nick Moloney adds, “This exclusive service is reserved solely for our management clients.
“This additional service builds strong relationships with our clients and ensures we grow with them by helping them acquire sound investments.”
Looking to buy, invest, or lease commercial property in North Sydney and surrounding areas? Reach out to the experts at Raine & Horne Commercial North Sydney today on 02 9925 122.