Is your commercial interior design & fitout helping to fill your vacant property?
As a commercial property owner, it’s often a difficult task to attract the right kind of tenant. This is important so that you can maximise returns on your investment. A vacant tenancy is never going to earn its keep. This is where Bellfort can offer advice and assistance by maximising your commercial interior design & fitout. Essentially improving your property’s essential assets and enticing tenants to occupy the space.
Bellfort’s focus is on commercial interior design & fitout. We know and understand the elements required to produce the perfect end result for any client. To do this, there needs to be a strong base building interior. This will support flexible use of the interior space and optimise all services.
Your commercial interior design & fitout should allow all prospective tenants to view the interior as if they are already occupying it. Possession is nine-tenths of the law and once people mentally commit to a space, the deal is virtually done.
We do however, believe there are a few main factors that will prevent any prospective tenant from wanting to move into your empty space.
Factors to be considered and acted upon are:
Minimal budget – overall impact
Offering a commercial space that is fully partitioned and planned in a dated style of business may restrict many from seeing it as their own space. This doesn’t mean we think everything should be stripped out! Quite the contrary. Sometimes simply opening up a few spaces so that they are less compartmentalised will make a difference to the overall first impression. When Bellfort review any tenancy on behalf of a building owner, we enter the space representing them. We have an understanding that budget is minimal but the overall effect of the commercial interior design & fitout required is maximised. We can provide a floor plan with recommended works and associated budgets. This way you can make an informed decision about what work you may carry out on behalf of any tenant.
Is your space compliant?
If the interior space was planned some years ago it may not be compliant with current BCA regulations. This can often add dollars to building owner and tenant budgets as building certification requires compliancy and today’s accessibility requirements don’t just mean a door width is larger. Assessment of any commercial interior however, can be an involved process. If the base build envelope is strong and facilities compliant, then this can limit further works on behalf of the building owner. Bellfort is able to provide a review service in relation to BCA requirements and produce a report on your commercial space as well as a budget of any required works so that you are fully informed prior to any tenant lease negotiations.
Mechanical, electrical, hydraulic and fire services are essentials within any commercial interior design & fitout and they are also big dollar consumers. If services were previously installed for specific zone-usage throughout the tenancy, odds are they will not suit any new layout a prospective tenant may require. All of this can mean additional costs for building owners as these services may need relocation, refurbishment and even replacement prior to any new tenant moving in. It’s often the hidden elements of any interior fitout that are the most costly and services can be a deal-breaker. Bellfort can review all building services and provide a factual report on their current operating standards plus, recommend any works that should be considered.
Making the most of that valuable first impression is something that can’t be underestimated when it comes to attracting people to your property. Sometimes refreshing common areas like lobbies and entries may be as simple as a new coat of paint and updating signage. Sometimes you may also want to go that step extra and include end of trip facilities, lift refurbishments and new floor-coverings and ceilings. Whatever the scope of work you feel is required, you should ensure it will be of value to prospective tenants but still provide a guaranteed and positive financial return. We are able to help you prioritise a scope of works and clarify costs to ensure profitability.
How can Bellfort help you, the building owner?
With the above points in mind, Bellfort has the expertise to provide an advantage for any building owner in their quest to lease or sell commercial space. Almost like a property health check, we can review your commercial interior design & fitout with our team of interior experts. We can then provide you with the facts and figures you need to make an informed decision about what you need to do in order to occupy your vacant property.
Contact us if you would like to make a free, no obligation appointment to discuss your property’s health.