Lease Link has a strong agency association predominantly on the Eastern sea board of Australia and throughout Tasmania. We have sourced and secured sites for both national and private companies throughout these regions.
Important Considerations When Buying or Leasing a Service Station
You must focus your attention on a number of important considerations when buying or leasing a service station to ensure that the site is appropriate to conduct your intended use. If you ignore these key items, the site may not be as successful as you commence trading at that location. In addition, it may even pose a danger to the environment. The following is a partial list, though not exhaustive, of the considerations that one should undertake as part of your due diligence.1. Examine the overall condition of the building and site to ensure no repairs are necessary on the basic structural components of the fuel station. Never lease or purchase a station that is in less than favourable condition unless the owner repairs the issues first or the purchase price has been discounted accordingly.2. The underground storage tanks (UST’s) and lines should be leak-free to prevent environmental damage. If prior contamination of the soil is present, you should insist that the current owner remediates these items before you agree to lease or purchase the service station since you potentially become liable financially as the new tenant or owner. We always recommend that a fresh environmental report is prepared by a suitably qualified consultant who as part of the report preparation will perform independent testing on the lines and tanks, groundwater, sub soil etc to determine the conditions below ground.3. Line-of-site permission allows your business to be seen in the proper manner even in case of future construction. Without this, future projects may block the view of the station from the customer traffic, which would spell death for your business.4. Learn all there is to know about the station's present financial condition. Inspect the books to discover profitability of the station along with the bills that are pending, payroll status, tax liabilities and other pertinent financial data.5. You also need to know the present arrangements for fuel delivery and if there is still viable fuel in the in-ground tanks. Inquire if you can purchase fuel from any company or if there is one specific supplier or supply agreement in place.6. Contract terms need to be fair and equitable as far as price, payment arrangements, special conditions and all other terms. Whether you are leasing or buying the fuel station, you deserve contract terms that help your business instead of hurt it.7. Are there other tenants in place? Do they have leases? If so, what are the terms of the lease? What are the review periods? Is the tenant paying the current correct rental under the existing agreement and are the outgoings being recovered from them. If they are a public company like McDonalds, are they paying the land tax?8. Access is probably one of the most poorly understood components when looking at both existing and greenfield sites. It can also be one of the most costly as we have seen plenty of cases where people buy a site for the use as a service station, only to find out that the road works alone will far exceed what they have paid for the site, thereby blowing the chances of making the site stack up financially. Similarly, are there any plans by Vic Rds or the relative authority to by-pass the site or restrict access via a median break, underpass, no right turn, etc.When you hire Lease Link Property Consultants to assist you with buying an existing site, greenfield site, or leasing a service station, we will be certain to address all the above considerations and other ones to safeguard your interests. We also perform contract negotiations and other services for you. Consult with us soon about your plans to purchase or lease a petrol station.
- Commercial Leasing and sales
- Property Advisory
- Site Acquisition
- Fast Food and Fuel Specialist
- Purchaser/Lessee Advocacy
- Development Consultancy
Recent Posts
To achieve a high level of business growth, you must first discover the right location for your company to conduct its business. Whether you own a petrol station, a retail store or a multi-million dollar corporation, this statement holds true 100 percent of the time. You need to understand the zoning laws, the accessibility of the spot for customers or clients, the amount of competition, the condition of the property, the price and other considerations before you sign a lease or sale contract.
When your company is in search of a different location, the task is easier to accomplish with the assistance of a commercial property consultant. Locating a reputable consultant may be confusing if you do not understand the right questions to ask one to determine his or her qualifications. We are here to assist you with a list of questions in this information.1. What is your expertise in with commercial property? How many years have you been a property consultant? Surely, you will rather trust someone with years of experience and expertise instead of one who has just become a property consultant.2. Do you search for property for me or only guide me in my own search? A reputable consultant will search for you.3. Do you verify the ownership of the property? Certain properties sell and lease occasionally where the ownership comes into question.4. Will you handle the price negotiations to ensure that I pay the fairest price for a rental or sales property?5. Do you locate properties for rental as well as for sale?6. Do you assist me with selling property?7. Will you conduct a thorough inspection of the rental or property for sale to ensure that it is in the ideal condition for my company?8. Do you have a mission statement by which to run your business?9. What present and past clients may I speak with for references? Consultants who do not provide references may fail to deliver quality service.10. What commercial lease properties do you list at present?11. Are there any commercial sale properties on your list right now?12. Do you perform all the tasks with site acquisition on my behalf?13. Will you advocate for me in all phases of contract negotiations to ensure that all terms and conditions are equitable and fair for my company?14. Do you ensure that all necessary amenities for proper business operation are installed in the property before I agree to rent or purchase it?15. Do you also practice development consultancy?16. Are you a fast-food and fuel specialist along with your other expertise?Ask these questions when you interview a commercial property consultant and through his or her answers, you will discover if the consultant is the right one for your company's property needs. Please include Lease Link Property Consultants in your interview process to give our company a chance to prove that our company will provide quality services to your company.
Development sites for petrol stations must meet certain specifications to be viable sites for these retail businesses. These specifications range from proper zoning to the appropriate topographical features of the site. Before any location can contain one of these stations, it has to go through an in-depth analysis. Below, you will discover the qualifications for the ideal locations of petrol stations.
Leasing commercial property is an important step for any business to take to set up a new enterprise or to relocate a thriving corporation. Unless the company has an expert in real estate on staff, it may not make the right decision on which property is best for its needs. For this reason, companies should turn to property consultants for assistance with their commercial real estate leasing needs. Let's examine the leasing process and in what manner the property consultants are of assistance with it for a company.
When in the market for a service station, it is advisable to obtain professional assistance from Lease Link Property Consultants to make this task less frustrating. We stay current on all the service stations for sale or lease that are available at a given time for your consideration. You should hire us for other reasons than just this one, though, since we are experts in determining if a property is viable or not for your specific purposes.
Buying, selling or leasing commercial real estate can all be daunting tasks for those in charge of procuring this type of property for their companies. You should never try to perform this task alone without professional assistance, as you may fail to locate the best deal for your company's needs. Instead of going it alone, you should turn to Lease Link Property Consultants to help you with your commercial real estate sales and leasing needs so you receive the right deal at the correct price and terms to suit your company. Read on to learn just how we can help you.
Petrol stations or fast food establishments have special requirements for operating locations in comparison to other businesses. For example, petrol stations require a piece of property that will contain underground storage tanks in a stable manner to ensure there is no chance of leaking along with other features. On the other hand, fast food establishments require locations with the correct amenities to prepare and serve burgers, chicken or other fare. Of course, both types of businesses need a location with the proper zoning, line of site permissions, and easy access for customers and delivery people. The best way to locate the right location for either one of these businesses is to hire Lease Link Property Consultants since our company is a petrol station and fast food specialist in site acquisitions.
When a company is in search of the ideal commercial premises to conduct its business from, it can be overwhelming when sourcing the ideal location or locations. You may understand why we say this if you are in the midst of this type of search at present and find yourself faced with this very dilemma. Luckily, there is help available when grappling with such a decision in the form of experienced and ethical property consultants or advisors. A skilled consultant such as this removes the stress from locating the right commercial location for your business and removes a lot of the guess work for you.
Selecting the right commercial space for your business requires extensive forethought and planning before signing the lease or sales contract. If you haphazardly decide on a space without enough research, you will find that it will be inadequate, in one way or another, for your company's needs. Important considerations for this decision include the rental or purchase cost, the type of location and whether the building needs to be in an industrial, commercial or retail part of town. You also should carefully consider the amenities that the location offers to ensure it provides all that your business requires to run smoothly each day. Remember that if you choose unwisely, you will need to move in just a few years, and this will cost you additional funds. Your company's bottom line might take a severe hit as a result of your hasty decision.
A search for a new location for your company will divert your attention away from other important tasks, and this may decrease the productivity of your business. To prevent this from occurring, it is best to hire a property consultant to assist you in the hunt for the ideal commercial property for your company's needs. This type of consultant is an expert on the commercial real estate that is available in your locale. He or she stays on top of the current market prices, properties that are up for sale or lease and the current market value of your present building in the event you will sell it once you locate a new location. These are just a sampling of the benefits to your company when you hire one of these consultants, but learn further facts about these and other advantages in the information that follows.
Related posts
To achieve a high level of business growth, you must first discover the right location for your company to conduct its business. Whether you own a petrol station, a retail store or a multi-million dollar corporation, this statement holds true 100 percent of the time. You need to understand the zoning laws, the accessibility of the spot for customers or clients, the amount of competition, the condition of the property, the price and other considerations before you sign a lease or sale contract.
When your company is in search of a different location, the task is easier to accomplish with the assistance of a commercial property consultant. Locating a reputable consultant may be confusing if you do not understand the right questions to ask one to determine his or her qualifications. We are here to assist you with a list of questions in this information.1. What is your expertise in with commercial property? How many years have you been a property consultant? Surely, you will rather trust someone with years of experience and expertise instead of one who has just become a property consultant.2. Do you search for property for me or only guide me in my own search? A reputable consultant will search for you.3. Do you verify the ownership of the property? Certain properties sell and lease occasionally where the ownership comes into question.4. Will you handle the price negotiations to ensure that I pay the fairest price for a rental or sales property?5. Do you locate properties for rental as well as for sale?6. Do you assist me with selling property?7. Will you conduct a thorough inspection of the rental or property for sale to ensure that it is in the ideal condition for my company?8. Do you have a mission statement by which to run your business?9. What present and past clients may I speak with for references? Consultants who do not provide references may fail to deliver quality service.10. What commercial lease properties do you list at present?11. Are there any commercial sale properties on your list right now?12. Do you perform all the tasks with site acquisition on my behalf?13. Will you advocate for me in all phases of contract negotiations to ensure that all terms and conditions are equitable and fair for my company?14. Do you ensure that all necessary amenities for proper business operation are installed in the property before I agree to rent or purchase it?15. Do you also practice development consultancy?16. Are you a fast-food and fuel specialist along with your other expertise?Ask these questions when you interview a commercial property consultant and through his or her answers, you will discover if the consultant is the right one for your company's property needs. Please include Lease Link Property Consultants in your interview process to give our company a chance to prove that our company will provide quality services to your company.
Development sites for petrol stations must meet certain specifications to be viable sites for these retail businesses. These specifications range from proper zoning to the appropriate topographical features of the site. Before any location can contain one of these stations, it has to go through an in-depth analysis. Below, you will discover the qualifications for the ideal locations of petrol stations.
