Success on every level.
From starting out to the seasoned expert, Viranda acts for commercial property investors of every profile. Regardless of market conditions, portfolio size, or goals, our focus remains unwavering – to offer clients a tailored solution to build wealth in this exciting industry.
As a team, we often hear commentary that commercial property investment is exclusive to high net worth folk, but with clear financial goals and a strategic plan, the starting point can be surprisingly attainable. Below, we share a few examples of clients who are at differing points in the journey, yet are all carving out success through property.
CLIENT A. The New Arrival
Enjoying financial success with residential properties, this couple were curious about commercial investment. With no experience in this area, they came to us for advice. We considered several properties against a range of criteria and desired returns. The right ‘jewel in the crown’ was an initial cornerstone investment of $800,000. Viranda negotiated the purchasing terms, progressed due diligence and achieved a successful acquisition. Five years on, our client now lives overseas. We continue to manage the property and have since grown their portfolio with further assets.
Client B. The Opportunity Seeker
15 years ago, we acquired a property on behalf of our client in the heart of a successful industrial precinct. Unexpectedly the tenant went into liquidation. Once the building was vacant, Viranda took the opportunity to manage a refurbishment project to gain maximum leasing potential and overall asset value. Before the works were completed, we identified and signed-up a high calibre tenant. Rent increased from $105,000 to $122,000 per annum on a new five-year lease, which in turn added $300,000 in value directly from our input.
Client C. The Big Aspirer
We have been acting for this client since the late 1980s. Initially the portfolio was four small investments with a focus on retail. Through active management Viranda has spread the assets across all sectors and increased the portfolio value to approx. $25m. Control of the portfolio has now passed down to their children who we continue to act for today. Throughout the changing markets we have identified the right timings to capitalise on exciting opportunities.
To read a similar story featured in JUNO Magazine (now INFORMED INVESTOR) please click here.