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Highest & Best Use & Supply & Demand Assessment - Heritage & Mixed Use
Role
Strategic highest and best use advice for potential re-development of three key heritage buildings within significant park location. Review of current and forecast supply and demand.
Client
Government Authority
Project / Property
Centennial Parklands Eastern Suburbs, Sydney NSW
Zoning / Area
Own consent authority / 1,050sqm GBA Approximately
Requirement
Analysis of highest and best commercial use of three key heritage buildings in public parklands within demographic market, economic and heritage restraints.
Solution
Investigation and analysis of existing and proposed supply and demand for appropriate property uses. Analysis of demographic factors, a review of retail trade areas and drive times, investigation into local dynamics, analysis of rental evidence and assessment of indicative rents likely to be achieved within the refurbished building structures. Identification of structure to secure long term suitable commercial space users. |
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