Specialist Property

Specialist Property

Herron Todd White provides independent Specialist Property backed by local expertise and national consistency.

Frequently Asked Questions

What is a specialist property?

A specialist property is purpose-built for a specific use, such as a childcare centre, medical centre, pub, or aged care facility. Because these properties are designed for one use and sell less often, their value usually depends on how the business operating from them performs.

What is a going concern valuation?

A going concern valuation values a property together with the business operating from it, assuming it will keep trading. It typically includes the property, plant and equipment, and goodwill. It's the standard approach for many specialist properties, where the property and business are closely linked.

Can you value the business if we lease the premises?

Yes. We can value the leasehold going concern, which covers the business and its lease but not the property itself. It's based on the business's profitability after paying market rent to the landlord.

How do licences and approvals affect value?

Significantly. Licences and approvals, such as childcare places, liquor licences, or gaming machine entitlements, determine how much income a specialist property can earn. They often make up a large part of its total value.

What information do you need to value a specialist property?

Usually three years of accountant-prepared profit and loss statements, current trading and occupancy figures, licences and approvals, and details of any equipment leases. The more complete the information, the sooner we can deliver your report.