ABOUT LIN ANDREWS REAL ESTATE

GREETINGS FROM THE FOUNDING DIRECTOR

Lin - Photo

Lin Andrews, Founder and Group Chairman, shares……

“Our Group history goes back to 1969 when my wife (Bunty) and I sat one Saturday night free from socialising. We paused to consider our privileges….

Our questions… “How can our lives make a difference?” That night we resolved to do something very bold!

At the time of these decisions, South Australia was implementing its Development Act 1967 – 1972 and talking a lot about tourism.

We built holiday flats at West Beach and then at Grange. These were followed by an office building, a warehouse and several homes.

During those first years, we invested and established a number of companies in diverse industries but always achieved our greatest satisfaction in the property industry.

We became agents as well as developers!
As agents we had a passion to assist people who were not generally trusting of Real Estate Agents. Our Agency business grew disproportionately to our other activities… possibly because we really liked helping people.

Most people lacked confidence in their ability to invest in the future.
People were disillusioned with the repetitious collapse of other investment schemes which rose to prominence from time to time.

We resolved to assist people to own their own real estate.
Investment seminars and excellent property management services made this possible.

These residential investments became a store of wealth to investor clients and provided accommodation for those who needed a home to rent.
At a later date we added commercial property to our skill base.

Commercial property meets the needs of entrepeneurs who grow businesses and create employment.

It may also offer a higher rate of cash flow to investors who are dependant upon their rental income.

Today we facilitate employment and accommodation across an increasing number of communities, throught the provision of property management, sales and leasing services for a diverse range of residential and commercial property.

We also design and develop commercial property according to community needs.
I am increasingly convinced that principle centred economic activity is the way to meet the sustainable needs of every community. We are proud to be a part of this great economic solution.”

MEET OUR TEAM

Directors

Commercial Sales & Leasing

Commercial Property Management

Residential Sales

Residential Property Management

OUR STORY

building4

Lin Andrews, Founder and Group Chairman, shares……

“Our Group history goes back to 1969 when my wife (Bunty) and I sat one Saturday night free from socialising. We paused to consider our privileges….

Our questions… “How can our lives make a difference?” That night we resolved to do something very bold!

At the time of these decisions, South Australia was implementing its Development Act 1967 – 1972 and talking a lot about tourism.

We built holiday flats at West Beach and then at Grange. These were followed by an office building, a warehouse and several homes.

During those first years, we invested and established a number of companies in diverse industries but always achieved  our greatest satisfaction in the property industry.

We became agents as well as developers!

As agents we had a passion to assist people who were not generally trusting of Real Estate Agents. Our Agency business grew disproportionately to our other activities… possibly because we really liked helping people.

Most people lacked confidence in their ability to invest in the future.

People were disillusioned with the repetitious collapse of other investment schemes which rose to prominence from time to time.

We resolved to assist people to own their own real estate.

Investment seminars and excellent property management services made this possible.

These residential investments became a store of wealth to investor clients and provided accommodation for those who needed a home to rent.

At a later date we added commercial property to our skill base.

Commercial property meets the needs of entrepeneurs who grow businesses and create employment.

It may also offer a higher rate of cash flow to investors who are dependant upon their rental income.

Today we facilitate employment and accommodation across an increasing number of communities, throught the provision of property management, sales and leasing services for a diverse range of residential and commercial property.

We also design and develop commercial property according to community needs.

I am increasingly convinced that principle centred economic activity is the way to meet the sustainable needs of every community. We are proud to be a part of this great economic solution.”

PUBLICATIONS

 

When we think of September we each have a different impression.

Mine is very clear!

Wattle, daffodils, new buds on my grape-vines, blossom, tiny apricots setting on my apricot tree and sunshine mixed with drenching rain to benefit everyone.

I have just described the season of SPRING.

Others see September through the eyes of a Commercial Person.

“The third month of the financial year… and things have not gotten-off to the start we had hoped for.”

“Christmas is almost here and we need to release schedules for holidays.”

And then there are those with the “cleaning bug.”

End-of-year files to be archived. General office cleaning… and of course this spills over to the home.

Soon there is new energy and new life as the garden, the office and the home has each been pruned, cleaned or revamped ready for the great summer harvest and recreational times ahead.

Am I dreaming?… Not in my business!

The energy of the new sunshine and longer days is contagious.
COMMERCIAL PROPERTY NEEDED

It is a long time since we advertised a need for Commercial Property for Sale or for Lease.

We have been selling and leasing commercial property at such a rate that we must now advertise our need of new stock to sell and to lease.

Past clients have registered an interest in buying commercial property whether it is leased or not.

This is a total turn-around from recent years.

Until recently we have had people selling to retire or to relocate their money into other assets. It is now different.

Of course, there is political comment and background “noise.”

Our staff provide a front line response… Real money… Real people… Real property.

If you own Commercial Property which you want to sell or to lease, then we would love to talk to you. You as the vendor or lessor will meet the needs of another who is a purchaser or lessee… and both will find satisfaction.

 

QUALITATIVE FACTORS

In writing from such a positive perspective one must be mindful that not all property is of equal appeal at any point in time.

A recent publication revealed that 91% of businesses in South Australia are SME’s. An SME is a business which employs less than 20 persons… 19 or less.

We have specialised in this market for the past 47 years.

Simply stated, properties which accommodate 20 people or more, are directed at only 9% of the total market.

Some wonderful properties are still for sale or lease because they were designed for larger organisation.
Others are less than perfect when it comes to parking arrangements. Our Development Division always provides more car parking than is required by the local council or other regulators.

Limited parking means limited access by clients and staff. Quality staff may be turned away through lack of access to satisfactory parking.

Another problem may be the result of incorrect planning consents.

Properties which do not comply with regulations become very difficult because local regulatory authorities may take more than three months to give a decision as to ongoing usage.

This MAY be a yes… but it may also be a NO. Tenants and new purchasers may not be prepared to wait for a decision. They have a business to run… a dream to be fulfilled.

Why WAIT if alternatives are available?
Sometimes the answer is, “Approved subject to the following list of conditions.”

The CONDITIONS may involve COSTS beyond the worth of the existing building.

The building may be too good to demolish… but… not good enough to retain. The conditions may require extensive SEALED PARKING, complete with underground drainage… but with a building poorly located on the site this may cause problems for the owner/investor.

Disabled toilets and disabled access, may also be required… and be very expensive.

Recently we came to understand that Gymnasiums require special strength floors, lighting and higher capacity air-conditioning than a normal office Building. A substantial upgrade may be required if the building is not purpose built.

And so, we make the point that Commercial Real Estate Management and Development is much more of a profession than many investors may expect.

This article is simply to say that 47 years of managing Commercial Property has taught us a lot… and we are happy to share this knowledge with you as it may be applicable… especially in investing or leasing. (see illustration below)

 

 

RESIDENTIAL INVESTMENT

In buying residential property for long term investment one must realise that all property is not equal.

Tenants and Investors alike, come in a variety of specifications.

Those who “spruik” real estate as a form of investment, often do not understand their product… they only understand their objective… more sales!!!

This small article cannot cover a wide range of issues, but we do make the point, that there is a “qualitative factor” in every decision regarding property acquisition.

Currently tenants in South Australia prefer a town-house with limited yard responsibilities.

Those prepared to live in an older style home with a big backyard are in the minority.

Owners of older homes may be obliged to accept a lower rent, pay more in maintenance and possibly have a pet or two.

Children will almost certainly be a part of such a tenancy.

Alternately singles and couples prefer “new” with limited external responsibilities. Life-style is their choice.

When it comes to investing one should consider these leasing limitations.

New and modern may mean extra tax deductions. Depreciation and building allowances assist with “negative gearing” considerations.

Alternate to this, there is an age-old philosophy which declares that “buildings are on a slow wait for the demolisher… but land grows in value from generation to generation.

 


Long term assets may grow because of the value of the land?

Sometimes you may have both!

Usually the value of the land on which the building is set, will determine the life of the building. I.e. Many suburbs are seeing homes demolished because the bare land is worth more than the house and land as a combined package.

This commentary does not make a recommendation as to which type of property you should be buying or selling… but it does raise the point that, “all things may NOT continue as before.”

 

IN SUMMARY

We love property!

One does not have to own property to enjoy its architecture and its contribution to our society.

Tenants and lessees may occupy but they have limited freedom. “I.e. there is limited ability to plant fruit trees and remain long enough to enjoy the “fruit of your labours”.

We believe in property as a store of wealth… of wealth creation… and the enjoyment of property ownership.

If we can assist you in achieving your sense of achievement and self-worth… then you should contact the writer or any member of the team at Lin Andrews Real Estate.

 

 

       

   

If you would like to get in contact with us, you can email us at linandrews@linandrews.com.au alternatively you can phone our office on

(08) 8234 1212

CONTACT US TO ENQUIRE ABOUT OUR PROPERTY MANAGEMENT PROCESS TODAY