CASE STUDY 1
Pharmacy saves $126,000 using
comparable data.
A Pharmacy was in the process of renewing their lease with rent to be adjusted to market rates. Disagreeing with the landlord’s assessment of $141,200 p.a. they took the matter to independent determination, where a valuer would set the rent.
The Pharmacy provided the valuer with comparable data sourced using Lighthouse Insights. This supporting information influenced the final rent determination to a reduced $116,000.
- Landlord’s initial offer: $141,200 p.a.
- Final determination: $116,000 p.a.
- Lease term: 5 years
- Total savings: $126,000 over 5 years