October Commercial Commentary

As we navigate the evolving landscape of the market, recent developments in the Official Cash Rate (OCR) have sparked renewed interest among businesses and property owners alike. Following two consecutive drops in the OCR, banks have swiftly adjusted their lending rates, creating a more favourable borrowing environment. This shift could potentially signal a resurgence of confidence in the market as uncertainty begins to fade, prompting many to consider their future options.

We have noticed a slight increase in enquiries not just on listings but people thinking of future options and sounding us out so the planning stages can commence.Many individuals are now beginning to explore their choices, whether it’s diving into investment opportunities or contemplating a sale. If you find yourself doing this, understanding how to present your business or property to potential buyers effectively is essential. When considering the sale of a business, keep the following key factors in mind:

1. Are your key staff on appropriate employment contracts that assure the buyer of continuity?
2. Do you have supply agreements in place for stock and services?
3. Are there contracts established with your key customers?
4. For major equipment, is the service history well documented?
5. As the owner, are you willing to continue working for a period to help ensure the business's continuity?

Additionally, ensure that your resource consents and council permits are up to date. Is any deferred maintenance current? While visual presentation is less critical than in residential properties, make sure that entranceways and gardens are as tidy as possible.

By addressing these factors, you can significantly enhance the appeal of your business or property to potential buyers.
As the market improves, taking proactive steps now can position you favorably for future opportunities. Whether you choose to invest or sell, being prepared and informed will enable you to make the best decisions for your circumstances. Don't hesitate to reach out for further guidance as you explore your options!