Leasing Commerical Unit to Two Seperate Tennants?

Discussion in 'Commercial Property' started by Adamfitzhenry, 28th Jan, 2018.

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  1. Adamfitzhenry

    Adamfitzhenry Member

    27th Jan, 2018
    Newcastle, nsw
    Just hoping for some advice.
    We are looking at purchasing a commercial property (privately) and then leasing to our business.(company)
    The property we have found is off the plan with construction due to be complete in a approx 6 months.
    It is made up of two adjoining units, both 220sq/m each.

    We really only need to utilise all of one unit, plus the floor area in the second unit.
    The questions is if we added a mezzanine level and office fitout to the second unit, we are trying to get an idea of what would be needed for the top level to be leased out to seperate tennants, therefore earning some rental income.
    Either all of the 220m/2 to the one tennant or perhaps shared office space to multiple tennants.

    I am assuming we would need to add some type of external access directly to the top level, or at least internal access that is seperated from the downstairs level (which will be occupied by our business).
    However not sure of everything else that would need to be done in terms of permits, insurances, etc.

    Any help would be greatly appreciated.
    Thanks in advance
  2. Scott No Mates

    Scott No Mates Well-Known Member

    18th Jun, 2015
    Sydney or NSW or Australia
    Mezzanine will require approval, you will need to consider fire safety matters including exit/emergency lighting, hose reels.

    Has the maximum fsr been reached?

    Will the tenant be able to effect insurance as they don't have sole responsibility for security over the premises?

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