At Crisp, we are very experienced at providing valuations suitable for Mortgage Security purposes. We particularly specialise in Valuations for Commercial, Retail, Industrial properties up to $15m as well as prestige ($1.5m+) residential properties.
All Valuers at Crisp have had exposure to valuations being for financial reporting purposes. It is a statutory requirement that Super funds have periodic valuations of their property assets and we have a number of products which may be used by your accountant to satisfy shareholders, directors, beneficiaries, the ATO and the Office of State Revenue.
Our Director has been providing valuations for Family Law purposes for over ten years. Having actually been through the process personally, he has first-hand experience of the process. We suggest that, where possible, the two parties should attempt to agree to jointly appoint an independent expert witness. This could potentially save both parties considerable expense as the settlement reaches its final stages.
Portfolio Valuations are carried out by entities who generally have large land holdings over a number of different locations. These are normally done financial reporting purposes, as well as being for mortgage security purposes. Industries we have provided these for in the past include a car yards, commercial and industrial property, media entity and large scale manufacturing business. We can also assist by providing strategic advice for the property’s highest and best use, or alternative use.
The Property Law Act in Queensland provides that any property may be resumed or acquired by a government entity if there is a need for that property for some other public purpose. The Act provides that the Landowner is entitled to compensation for that property as well as other disturbance costs including his legal and valuation expenses. Our Director has vast experience in valuing and assisting clients to seek full compensation for their property should it be wholly or partially resumed/acquired.
The Land Valuation Act (2010) Queensland provides the Valuer-General will make an annual valuation of all land in a local government area. This figure is then used by the Office of State Revenue to assess each landowners Land Tax (if applicable) as well as each local authority using this figure to assess your municipal rates. This is notice of valuation is normally issued toward the end of March each year and every Landowner has the right to object, provided it is properly made and the reasons for the objection are sound. We provide a two staged fee here where we charge $500 (+ GST) to have a look at the new notice and do a quick assessment to see if there are grounds for objection, and then if it agreed an objection should be lodged, we can look after this for you for an additional fee which will be agreed upon at the time and this fee will depend largely on the time involved to prepare your objection submission (Statement of Position).
Both our Director Stuart C and our senior valuer Linda O are accredited “Specialist Retail Valuers” as per the Retail Shop Leases Act (1994) Queensland. The current List of Specialist Retail Valuers in Queensland can be found here: https://vrbq.qld.gov.au/registration-renewal-and-restoration/ Stuart has provided market rent advice to a number of commercial, industrial and retail tenants including fast food chains, telecommunications outlets, coffee store chains, and other retail chains. These reports can be in the form of providing a submission for either a Landlord or Tenant, or, be appointed jointly to determine the current market rent where the two parties cannot agree between themselves.
Australia call 07 3137 9360
Fax:- 07 3130 4002
Monday to Friday 8.30am – 4.30pm
(Australian Eastern Standard Time)
Unit 3, 8 Mowbray Terrace East Brisbane Qld 4169
PO Box 7756 East Brisbane Qld 4169
You can submit your registration, lodge a complaint or make an enquiry in person