The following case studies give examples of the capabilities of Ryder Commercial and its respective Directors and staff in respect to the broad range of services it can offer. As the reader can see the company is far from a sales and leasing agent or simple rent collector in respect to the clients and the properties for which we are involved. Rather, we see our role as locating and securing property investment opportunities for our clients and adding value through refurbishment / development, letting up at market rentals, rent review negotiations or indeed other proactive and aggressive property management strategies. We are also able to source and co-ordinate a huge range of related investment, development and building consultants in order to achieve the stated aims of our clients and maximise returns on investment portfolios.
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350 Queen Street, Melbourne
- Negotiated purchase on behalf of overseas client - $20.40 Million.
- Appointed as owners representitive.
Project managed and supervised ground floor refurbishment - $400,000.
- Project managed and supervised full recommissioning of all building services - $1,000,000.
- Supervised full letting up of property including marketing and leasing strategies, negotiations and finalisation of documentation with retained legal representatives. Total Building Area 22,100 M2.
- Co-ordinated and negotiated major town planning masterplan including direct negotiations with Minister for Planning in respect to open air car park.
- Project managed construction of 150 bay open air car park - $450,000.
- Conducted car park leasing tender including finalisation of all negotiations and finalisation of documentation.
- Established on site Building Services Manager / Security Personell.
- Established all matters concerning ongoing building and services maintenance.
- End Value today - $86.00 Million
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233-253 Whitehorse Road, Blackburn
- Identified property for potential purchase.
- Conducted review of property information / inspections.
- Instructed Quantity Surveyor on preparation of depreciation estimates.
- Prepared discounted cash flow estimates on potential investment acquisition.
- Conducted review of all contract and section 32 documentation.
- Bid on behalf of client at auction - Purchased $4.20 Million.
- Engaged Quantity Surveyor to prepare Property Tax Allowance Schedules.
- Established all matters concerns ongoing property management services.
- Current Return - 12% p.a. after tax return on equity funds invested.
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83 Palmerston Crescent, South Melbourne
- Identified property for potential purchase.
- Conducted review of property information / inspections.
- Prepared initial development feasibility estimates.
- Prepared discounted cash flow estimates on potential development and Investment acquisition.
- Conducted review of all contract and section 32 documentation.
- Negotiated purchase on behalf of client. - Purchased $650,000.
- Unsolicited offer to purchase received day after purchase - $725,000-declined.
- Engaged design and construct builder on preparation of refurbishment and design documentation along with construction estimates.
- Project managed and supervised building refurbishment - $275,000.
- Supervised full letting up of property including marketing and leasing strategies, negotiations and finalisation of documentation with retained legal representatives. Current Total Building Income $94,000 p.a.
- Engaged Quantity Surveyor to prepare Property Tax Allowance Schedules.
- Established all matters concerns ongoing property management services.
- Current Return - 12% p.a. after tax return on equity funds invested.
- End Value today - $1.20 Million (20% development profit).
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1113-1121 High Street, Armadale
- Invited by client to submit property sales marketing submission.
- Engaged by client to market property for Tender Sale.
- Advices to tenants regarding auction campaign and inspections.
- Completion of minor refurbishment works to aid in inspections.
- Instructed advertising agent as to preparation of all advertising material, brochures, boards, press releases etc.
- Instructions to solicitor as to preparation of Tender contract and section 32 documentation.
- Preparation of detailed property investment report.
- On site inspections with prospective purchasers.
- In excess of 15 formal tender offers received.
- Sale of property of behalf of Client - $3,500,000 - 25% over reserve.
- Retained to manage property by purchaser.
- Later winner of 'The Age - REIV Marketing Sales Campaign in Victoria'.
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