Do I sell vacant or leased?

Understanding the best approach for your industrial property

What to Consider When Selling

I'm often asked by owners of single-tenanted industrial properties whether they will get a higher price if they sell the property vacant or leased.

Often, the lease is close to expiring, and the tenant has expressed interest in staying on and entering into a new lease.

Assuming there's no opportunity to add value or a development angle, vacant industrial properties tend to be valued today on a hypothetical scenario of an initial lease term of six years.

If your intention is to sell immediately after leasing the property, keep in mind the general rule of thumb in the current market. When the lease term is less than six years, you’re better off selling the property vacant.

If you are in this situation, please get in touch. Knowing more about your property will help me provide the best advice. 

Complete my contact form to get in touch here: https://www.kevindee.co.nz/contact