Commercial Property · New Zealand

Know what you're
actually buying.

Independent verification of commercial property deals before you commit capital. We separate what agents claim from what the numbers actually show and charge a flat fee to do it.


01

The information you receive is not the information you need.

Every commercial deal comes with an Offering Memorandum designed to present the asset in its best light. Rent rolls go unaudited. Market rents are assumed. Incentives go undisclosed. Yields are engineered.

Risk 01

Overstated rents

In-place rents presented as market rents. The gap only becomes apparent at lease renewal — after you've settled.

Risk 02

Undisclosed incentives

Rent-free periods and side agreements that suppress the true net income. Rarely volunteered. Occasionally buried in lease schedules.

Risk 03

Weak tenant covenants

A signed lease is not an income guarantee. Tenant trading performance, financial standing, and intent to renew are rarely examined by agents.

Risk 04

Compressed lease terms

60% of income expiring within 24 months is a refinancing event, not a detail. Short WALTs are consistently underweighted in vendor pricing.

Risk 05

Inflated cap rates

Yield calculations that use above-market rent or ignore vacancy produce cap rates that bear no relation to what the asset will actually return.

Risk 06

Conflicted advice

Buyer's agents earn on completion. Their interests and yours are aligned on deal volume, not deal quality.

"The Offering Memorandum is a marketing document. Treat it accordingly."
Attested founding principle

02

Independent verification. Two stages.

Structured to match how deals actually progress — from initial assessment through to committed capital.

Tier 1

Pre-Offer
Screening

Turnaround <48 hours · No external contact required

  • Price per sqm vs verified market benchmarks
  • Cap rate analysis against comparable transactions
  • In-place rent vs estimated market rent
  • Lease expiry profile and income concentration risk
  • Initial red flags and deal verdict
From $495 NZD + GST
Credited in full if you proceed to Tier 2

03

Simple to engage. Built around deal timelines.

No lengthy onboarding. No retainer. You submit a deal, we verify it.

1

Submit the deal

Send through the OM, rent roll, and any available lease documentation by email once we've responded to your enquiry.

2

Tier 1 screening

We benchmark the deal against market data and return a clear verdict within 48 hours.

3

Full investigation

If you're proceeding, we conduct a full Tier 2 investigation — tenant verification, lease analysis, income validation.

4

Acquisition report

A structured risk report with clear findings, verified metrics, and risk flags — ready before you commit.


04

What we do — and what we don't.

We focus exclusively on commercial and financial verification. We work alongside your legal, engineering, and valuation advisors — we don't replace them.

Within scope

  • Rent roll verification
  • Market rent benchmarking
  • Cap rate and yield validation
  • Tenant covenant assessment
  • Lease term and expiry analysis
  • Incentive and side-agreement detection
  • Income sustainability analysis
  • Price per sqm vs market

Out of scope

  • Legal advice or title review
  • Structural or engineering assessment
  • Formal registered valuation
  • Environmental or contamination reports
  • Resource consent review