The buying process is a lot more complex than residential property and for this reason should only be done with the assistance of experts.
Prosper Group was the original buyer's agency to have a team dedicated to commercial property. On a regular basis we are advised by Sydney and Brisbane's top commercial real estate agents that we are the most active buyer's agent in both regions.
In addition to our leading and highly experienced buyer's agents we also have the benefit of involving our Asset Management team with the due diligence process. For our clients this means two core skill sets are reviewing their potential property.
Our clients include first time commercial property buyers to those who are highly experienced and currently own large commercial portfolios, overseas investors, Associations and private businesses.
Before commencing our search, the team will meet with clients and work together to create a search criteria which is in line with our clients objectives taking into account our advice and feedback on current market conditions. From this point we take the brief to our network of agents, landlords and developers and assess opportunities which are both on market and off market.
Being successful with purchasing a property is more than price. The commercial market is all about connections, knowledge and experience. Prosper Group provides these attributes to their clients, giving them an advantage and enabling their clients to get ahead of other buyers in the market.
Once the right property has been identified and negotiated a robust due diligence analysis is conducted as part of our service to ensure there are no unexpected costs or risks.
This due diligence covers:
Realistic and achievable but always aspirational, our process gets results.
Consultation
What are your goals? What are you looking to achieve? It is important for us to get a clear understanding. This helps us develop a custom investment strategy, ensuring the best outcomes.
Advisory
We use an analytical approach to develop strategies, combining industry expertise and data analysis to create a realistic but aspirational investment vision to achieve your goals.
Investigation
We apply our expertise to your commercial investment goals. Our team analyse the market, assess trends, and identify opportunities which allows us to develop a strategy that is tailored to maximising your investment, using our expert knowledge and insights.
Negotiation
Our experienced team is well-versed in the art of negotiation, and we are committed to getting the best possible deal for our clients to ensure the best return on your investment.
We employ a range of tactics to achieve this, leverage our extensive network and employ a strategic approach to every interaction.
Due Diligence
OHaving a strong understanding of each asset class, the various markets and the financial data, allows us to perform a high level of due diligence prior to recommending a property to our client's. During the exclusive due diligence period, we reverse engineer our approach by seeking to find reasons not to buy a property to ensure all fundamentals of a property are aligned with our clients objective.
Acquisition
Our service includes support and guidance throughout the entire process of acquiring your commercial investment property. From establishing the original criteria, sourcing, negotiating and due diligence through to transaction management.
We work closely with your financier and lawyer and are also able to bring in other industry experts when required to ensure your interests are protected. We also provide ongoing communication and advice to ensure a smooth and successful acquisition, making the entire process as stress-free as possible.
With a deep understanding of commercial property, we have the vision to expertly guide our clients to success.
Our commercial property investment team have the answers.
Who invests in commercial property?
Since the early 2000's commercial property has become a sought after investment to have within your portfolio. Investors include family offices, high net worth individuals, self-managed super funds, associations and not for profit organisations and owner occupiers looking to own the premises for their business.
What are the benefits of commercial property investments?
Nearly all high net worth investors include commercial property within their portfolio for the following reasons;
What factors should you consider when investing in commercial property?
Location: The location of the property is crucial and can have a significant impact on tenant demand. Access to public transport and road transportation is important, as well as ample parking, especially for retail businesses. Main-road frontage within an established commercial precinct can also be critical for exposure.
Vacancy: Take note of the vacancy level within the local area. If there are many vacancies, finding a tenant may be difficult. Conversely, if there are no vacancies, it is a good sign that the area is thriving and your property can be re-let quickly.
The building: Look for a well-maintained property that is generic in configuration and provides the fundamentals sought by tenants.
The tenant: Know your tenant/ tenants - how long they have occupied the premises, ability to grow within the tenancy, whether they are up to date on rent, and when their lease expires.
What are the fundamentals of each asset class of commercial investing?
To achieve success in commercial investing, it is crucial to understand the fundamentals of each asset class and the corresponding market:
Offices: factors to consider include proximity retail amenities, access to transportation networks, adequate on-site parking, natural lighting, and functional floor plates/tenancy areas
Retail: important aspects to look for include convenient ingress and egress, exposure to passing vehicular and foot traffic, tenant mix, anchor tenant, and adequate customer parking.
Industrial properties: key considerations include accessibility to major arterial roads, on-site access and manoeuvrability for large vehicles, warehouse/factory clearance (low height can limit future tenant use), the appropriate office-to-warehouse ratio, and adequate site coverage for on-site manoeuvrability and hardstand.
See what our satisfied clients have to say about our exceptional service and their successful outcomes.
Damien Holliday from Prosper Group has helped me buy two industrial properties. Both properties were found off-market and below prevailing market rates. The first property was sold a year later at a 40% premium to my purchase price.
I found their advice knowledgeable, fair and honest.
I would recommend Prosper Group, and would use them again. Read More
Prosper Group presented numerous opportunities, both on and off-market, before securing a commercial property that met all our requirements. Damien and the team were meticulous, keeping us well-informed every step of the way. We are very happy and now look forward to working with their property management team. Read More
The complexities of commercial property investment and the importance of managing properties like a business made it an easy decision to engage a professional Property Manager.
Prosper Group were introduced to me by my stockbroker. I chose them over others as their service is tailored towards the financial performance of the property and creating equity within, as well as taking care of the day to day management activities.
Currently Prosper Group are in the initial stages of negotiations with my existing tenant to sign a new five year lease at an increased rate. In return, we will further develop the property to provide a greater net lettable area. If terms are agreed, this should provide a great return on my initial investment.
The Prosper Group team provides a professional and experienced service. I look forward to expanding our professional relationship and will continue to recommend their services to other investors. Read More
Damien helped me find and secure a strong investment property in a very tight market. The Prosper Group commercial team then helped me navigate negotiations toward a successful settlement, with all the ducks in a row, ready for long term efficiency and profitability. I couldn’t have done this without them, and I’m one very happy customer. Read More
Owning several properties means BSA Property Trust fully appreciates the importance of a good Property Manager. Prosper Group’s Asset Management service is about improving the financial performance of our commercial property. In our case they truly exceeded our expectations.
Prosper Group has been very active with our Brisbane commercial property investments. By maintaining close contact with the tenant they received an early indication that the tenant was planning to vacate the property at the end of their term.
Prosper Group immediately performed a market analysis, determining the appropriate market rental rates and terms on which a new tenant could be secured.
By the time the existing tenant had vacated a new prominent tenant had been located and terms agreed to – including a five year term and a net rental rate of $43 per sqm more than the previous tenant was paying.
Throughout the process, Prosper Group consistently updated us and arranged the whole leasing process.
They had improved the cash flow to a net yield above 10.5% and increased the value of the property by approximately 50%.
It is with confidence that I can say Prosper Group will be engaged to manage further commercial properties as we acquire them throughout NSW and QLD. Read More
We worked closely with Prosper Group on the acquisition of our first Industrial property.
We relied heavily on their advice and expertise as they assisted us with the search, negotiation and acquisition. Prosper Group are now handling the commercial property management on our behalf.
We found the Prosper Group commercial team to be professional and very knowledgeable.
We are currently looking at our next acquisition with Prosper Group and highly recommend their services. Read More
I am happy to recommend Prosper Group to anyone with a commercial property investment. I have confidence knowing my property is being managed by professionals who understand the property market and the importance of the return on investment. Further, in my experience it’s obvious that Prosper Group handle all matters in a timely manner, meaning there are never any loose ends.
More recently I had peace of mind knowing that a market rental review was being handled by people with knowledge of recent leasing activity and local market trends. The rental negotiations were undertaken over a number of months and as I’m running my own businesses, I don’t have the necessary time to dedicate to such an important task. This was handled smoothly by Prosper Group and they kept me informed throughout the entire process. Read More
The Country Women’s Association of New South Wales formed a relationship with Prosper Group in 2013 to assist with its future accommodation strategy. This included the sale of its long held premises in Potts Point and the subsequent search and purchase of a new property.
The Prosper team provided valuable advice to the Property Sub-Committee over the process and their knowledge and insight into the market was second to none. They were very professional in their approach and at times went out of their way to provide additional assistance.
Subsequent to the purchase of our new State office, we then engaged Prosper to source a residential investment property. Again their expertise and professionalism ensured an excellent outcome for our organisation.
In addition, we are now utilising Prosper’s Commercial Property Asset Management services to manage our newly acquired site.
We would not hesitate to recommend Prosper Group to our business associates. Read More
During 2011-12 I commissioned Prosper Group to find a multi-tenant commercial building for investment. Following many months of patient search and negotiation I eventually bought an attractive property with long term future development upside in October 2009. Detailed and patient due diligence process assured me it would be a good medium-long term hold. Proper Group managed all aspects of the purchase, management and subsequent sale.
During the next few years the boom of conversion of commercial sites to residential apartments rapidly grew. After many unsolicited enquiries and offers we decided to openly market the site. This was handled very well by Prosper and Ray White Commercial resulted in my accepting a very attractive offer December 2014 with delayed settlement February 2016.
Also in late 2012 through Prosper Group I bought another multi-tenant Commercial property with the same objective and criteria. Planning changes in the area have created significant capital gain that will be realised in 3-4 years.
In April 2009 Prosper Group also assisted me in buying a large single tenant industrial building that has been an excellent stable, simple well performing investment. Read More
Having outgrown an existing location, we (Kennards Hire) decided to look into the option of relocating that branch.
Not having enough time to devote to such a large task and having previously worked with Prosper Group on another of our properties I engaged their services to assist with the location of the new site.
Prosper Group showed their professionalism and expertise throughout the whole process, making the job very easy for me.
I will recommend their services to anyone looking to purchase a property and will continue to use them in the future. Thanks for your help.
Prosper Group found us an off market commercial investment property, which meant that we didn’t have the pressure of competing against other buyers to secure the property. The transaction was handled in a very professional way from negotiations through to a successful settlement, keeping us informed at every stage of the process.
Even when a few challenges arose during the transaction their knowledge and expertise allowed us to make informed decisions on important issues.
We were very happy with the acquisition service that Prosper Group provided and now have them as our asset manager to assist us in obtaining the best long term value out of this property. Read More
Prosper Group assisted us in purchasing an investment property in Gosford. They handled the transaction in a very professional way from negotiations through to a completion, and they kept us informed at every stage of the process. The fact that Prosper Group handled all aspects of the transaction and were available at any time meant that we were only required to put in a minimum amount of time and effort, which helped us stay focussed on our own day to day activities.
Prosper Group’s acquisition service provided us with the peace of mind that the property we purchased is a good long term investment, and we have also engaged Prosper Group’s asset management term to assist us in obtaining the best long term value out of this property. Read More
Communication has always been detailed, every step of the process has been handled professionally, my own time involvement has been minimised.
I look forward to working with Prosper Group on a continuing basis to develop a property investment portfolio. Read More
Prosper Group understood the type of property investment profile we were seeking and provided numerous properties for the association to consider. The shortlist were quality properties and the due diligence work that Prosper Group undertook was very thorough and provided valuable information for the board to consider. The NSW Farmers Association has ended up with 2 high quality buildings. Thank you Prosper Group. Read More
Running a busy practice leaves me little time to look for property, I engaged Prosper Group to source and negotiate a commercial investment property for me. They negotiated an outstanding deal for me – almost 19% off the purchase price. They did extensive due diligence ensuring the property met my criteria. The final property we selected was in an area council designated to modernise and add additional infrastructure.
The property was purchased on a net yield of 8.91%.
12 months later nearly to the day council actually offered me $200,000 more than what I paid for the property. I asked Prosper Group for their input and to my delight they negotiated an extra $600,000 for me. Read More
We thank Prosper Group for their diligent and professional approach in assisting us with purchasing a commercial investment property. Prosper Group really helped guide us through the ups and downs of finding, negotiating, analysing and successfully purchasing an investment that satisfied our requirements.
Prosper Group’s experience and expertise kept us ahead of the market and helped us be competitive in a strong market. They also provided us with a diversified search covering all of NSW and QLD which ultimately led us to buy a property in Brisbane when we were originally only considering Sydney and the Newcastle region. Although this was a new market for us Prosper Group made us feel comfortable with the area and the property and we achieved a better result than the properties we were considering in Sydney.
We valued and enjoyed the education on industrial properties throughout the search, and appreciated the market background intelligence so as we could reassess our strategy in moving market conditions.
We are happy to have Prosper Group as our property adviser and asset manager. Read More
I’m very happy with the service Prosper Group have provided with my search and acquisition. Their professionalism, persistence and understanding of my needs in commercial property were outstanding and I would highly recommend them. Read More
Meticulous, thoroughly professional, very patient. A pleasure to deal with. Read More
I would like to thank Prosper Group for their expert help in finding a business location for our growing business.
As anyone in small business realises time is hard to come by, Prosper Group found the potential properties, narrowed them down and then in one day only for me we selected the right property.
Prosper Group then negotiated the deal all with little effort and time from myself.
I have no hesitation in recommending Prosper Group; they will save you time and money and also offer friendly advice. Read More
I originally engaged Prosper Group to conduct due diligence and negotiate the purchase price of a property I had located to use as a surgery. Their due diligence identified a major issue with access to the car park at the rear of the property and unfortunately a solution was not possible. Based on Prosper Group’s advice, I withdrew from the purchase of the property.
Since then I have used Prosper Group to assist with other property matters relating to my business, including making off market offers on properties suitable for surgeries. I am also in the process of engaging them to source a residential investment property.
Over the eight months that we have been working together, I have found Prosper Group to be very knowledgeable, professional and thorough in their approach, as well as great value for money. I have the confidence to leave the process to them, allowing me to focus on my patients and the business. Read More
I wanted to invest in a commercial property, but as I live in Adelaide there was no way I could commit the time to the research and negotiation. Once I contacted Prosper Group, Alex and the team around the country set about establishing a short-list of potential properties to begin the due diligence process.
Together we rejected the properties that didn’t meet the strict checklist we created together. Eventually, we settled on an excellent retail complex in inner-city Brisbane.
Prosper Group’s negotiation skills reduced the price from $1,500,000 to $1,175,000. I saved much more at purchase than it cost me to engage Prosper Group to complete the transaction.
The property, which is zoned for further development, was purchased on a net yield of 12.65%. Seven months later, it was re-valued at $1,485,000. The property is now returning a high yield with stable long term tenants.
I am very impressed with Prosper Group’s method of selection, their support team – including solicitors – their management and their process from start to finish. Their attention to detail is second to none and they will not push anything through until all of the buyer’s requirements are satisfied.
I can highly recommend Prosper Group. We are currently in the process of finalising another commercial deal and I look forward to building a large portfolio of properties with their assistance over the ensuing years. Read More
