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Increasing the Height of a Commercial Property

Discussion in 'Commercial Property' started by Davids, 19th Aug, 2016.

  1. Davids

    Davids New Member

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    Hi
    Im looking at adding some value to an existing industrial warehouse with an internal height of 3.6mtrs. I think if I remove the pitched roof, and install a taller flat roof would add significant value and increase its attractiveness to potential tenants.
    Has anyone done this before,
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    A flat roof will still result in 3.6m clearance unless you extend the walls.
     
  3. DaveM

    DaveM Adelaide Buyers Agent & KFC Strategist Business Member

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    1) Zoning and permitted height
    2) Internal size, nobody is going to install a gantry crane in a 300sqm unit etc
    3) Comparable leased/for lease and is there any significant per sqm net increase for the additional height
    4) ROI on cost to increase height
     
  4. chindonly

    chindonly Well-Known Member

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    Fair bit of engineering sign-off required if building up and replacing. Is it realy worth it?
     
  5. Beano

    Beano Well-Known Member

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    Yes i would hardly think it is worth it
    Increase the wall height
    New roof
    New concrete floor to take greater load (more pallets on racking)
    May as well demolish and start again
     
    hobo likes this.
  6. Beano

    Beano Well-Known Member

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    I have about 1.9ha of industrial buildings and have never found it worthwhile
     
  7. Scott No Mates

    Scott No Mates Well-Known Member

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    Even if the current configuration isn't h&bu?