LETTABLE AREA SURVEY PLAN
Lettable Area Surveys for rental calculations and more
A lettable area survey is a measured survey of a floor space for leasing purposes. Lettable area surveys are often used to assist with rental calculations, property valuation, and lease documentation.
Receiving a lettable area survey from an experienced surveying company is essential to receiving accurate lettable areas to safeguard the interests of both tenants and owners.
A small miscalculation in the NLA (Net Lettable Area) or GLA (Gross Lettable Area) of a property can have significant negative impact when multiplied over the course of a 10 or 20 year lease.
Realserve is the industry leader in the preparation of Lettable Area Plans and Property Council of Australia method Surveys. All of our surveys are created with absolute precision with the highest level of accuracy delivered using the latest surveying equipment and processes.
Our experienced Surveyors and technicians offer an unbiased and impartial interpretation of the Property Council of Australia guidelines. We offer our clients our years of experience in determining lettable areas. This level of accuracy and clarity in lettable area plans and surveys provides peace of mind for agents, owners, and tenants.
Our areas of speciality
NET LETTABLE AREA SURVEYS (NLA) for Commercial Properties
Calculating tenancy areas in Office Buildings and Office and Business Parks
GROSS LETTABLE AREA SURVEYS (GLA) for Industrial Sites
Calculating tenancy areas in Warehouses, Industrial Buildings, Free Standing Supermarkets and Showrooms
GROSS LETTABLE AREA – RETAIL (GLAR) for Retail Tenancies
Calculating tenancy areas in Shopping Centres, Strip Shops and Free-Standing Shops in suburban streets.
Our typical process
We utilise the latest surveying technology to capture our data then produce our marketing plans. Using the latest CAD software programs everything is captured and processed accurately to start producing our marketing drawings. The equipment we use is state of the art, ranging from traditional total stations to 3D laser scanning or RPA (drone). We only use the latest software tools including AutoCAD & Revit.
Once our plans are drafted they go through an intensive QA process via an independent audit to ensure that what we have captured is delivered to the highest levels of accuracy possible.
In summary;
- Initial consultation to ensure we can meet your needs.
- Agree on a scope of work.
- A site visit is organised with one of our qualified technicians with the necessary data collection equipment.
- All data is then processed via our team located in one of our offices around the Country.
- All plans or drawings are then independently reviewed via our QA process.
- All deliverables are then created for viewing in PDF, AutoCAD or Revit.
- We also have the ability to create a 3D scan or virtual tour of your property to create a fully interactive view of a site.
Lettable Area Plan Surveys
See some of our case studies
Gross Lettable Area vs Net Lettable Area
The most common question we get asked is what is Gross Lettable Area vs Net Lettable Area. Realserve are experts at creating Lettable Area Plans and we constantly field questions from either PCA or RICS members about how these are created.
IPMS Survey for a commercial building in Australia
The International Property Measurement Standard (IPMS) is a standardised and globally applicable method for measuring property. This global method of measurement is being introduced gradually into Australia
Determine a buildings floor space ratio (FSR) with a gross floor area survey
Typically, the Gross Floor Area (GFA) is measured in accordance with each Council’s Local Environmental Plan to determine a buildings Floor Space Ratio (FSR).
Why you can’t use a Lettable Area Plan in an SA lease
A Lettable Area Plan in South Australia cannot be used or registered for a written lease by a solicitor. Confirming whether your plan requires to be registered or not, is very important as it requires the appropriate Filed Plan Presentation and Lodgement.
Commercial Real Estate Virtual Tours in 3D
With our expertise in reality capture, we used our Matterport 3D Camera to create an incredible virtual tour of this commercial real estate property which needed a new tenant quickly.
How to re-establish a title and plan of subdivision
We helped a client convert a very old handshake agreement into a new Plan of Subdivision to determine the correct usage of the farming area.