Property

Property rewarding for astute investors, but note the warning label

Owen Holland, Business Partners property investment general manager, understands why business owners who find themselves in the harvesting stage of their careers often look to the property industry to invest their surplus income. It is one of the few industries which allows for a certain degree of passive return on investment. Any other business, from a coffee shop to a consultancy, requires a huge amount of blood, sweat and tears before it start...
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It’s a tenant’s market, but not much to smile about

Given the current conditions of the South African business property market, tenants should be smiling, but the underlying cause is the lacklustre economy which tends to spread its misery to both landlord and tenant. Gerrie van Biljon, executive director of Business Partners, describes the South African business property scene as very much a tenant's market: there is a general over-supply of retail, industrial and especially office space on the ma...
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Business property remains safe haven for careful investors

Only economists are brazen enough to predict the future and Owen Holland states upfront that he is no economist. But as Business Partners’ property investment general manager, overseeing a portfolio of close on R1 billion, his feeling of optimism for the property market as an investment haven in the coming year is not entirely a thumb suck. Holland says even if the market remains as flat as it has over the past five years or so, quality commerc...
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10 things to consider when you’re thinking of buying a property

When it comes to the question of whether it is better to buy or rent your business premises, the phrase used most often by business experts is “it depends”. Jeremy Lang, Business Partners regional general manager, is no exception. It is an age-old question, he says, in which each business must grapple with its own unique needs and circumstances. He offers the following checklist to help business owners frame their thinking: Has your busines...
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Buy or rent: a simple question with some intricate answers

Owen Holland, general manager for property investments at Business Partners, has a simple rule of thumb when it comes to the question of whether to buy or rent your business premises: when you are planning to stay there for more than five and especially ten years, rather buy. But, says Holland, be careful of the simplicity of the property industry. It draws you in because it looks so uncomplicated, but one small mistake or oversight can have mate...
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Property offers great opportunities, but tread carefully

Say “property portfolio” to a business owner who lived through the 2008 crash and chances are they would instinctively flinch. But Willem Bosch, COO of property management services of Business Partners, believes the property market offers great investment opportunities for entrepreneurs who need to squirrel away some surplus cash. Even the office segment of the property market, which is currently the weakest sector with high vacancy rates, of...
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2013 set to provide opportunities for savvy commercial property investors

According to many economists, the outlook for the local commercial property sector for 2013 seems to be dim. However, according to Gerrie van Biljon, Executive Director of Business Partners Limited, on the back of these dismal views, the current environment in fact provides a good opportunity to purchase commercial property, due to the market still offering reasonable returns. He says that some analysts are talking about rental renewal rate incre...
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Economists agree on grim 2013 for landlords

Learned economists are well known for directly contradicting one another in their forecasts, but from time to time a strong consensus emerges even among this quarrelsome lot. The outlook for the business property sector in 2013 seems to be one of these occasions. Finding an economist who predicts a good year for landlords is about as elusive as finding an honest winner of the Tour de France. Some analysts are talking about minimal to zero rental ...
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Finding the right location for your small business

Finding the right location for your small business is a matter of determining what is absolutely crucial and what can be safely compromised. There is a lot riding on this important decision, and with so many factors to consider, it can seem overwhelming. Don't be intimidated into making a haphazard choice, though. If you take the process step-by-step, and get expert help along the way, you can find the location that will give your business the be...
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Buying vs renting

Many small businesses are successfully started and run from home. But as the business grows, or if you intend to open a shop, then you will have to look at commercial property. And that opens up an interesting debate - do you rent, or do you buy? There are distinct pros and cons to each, depending on what kind of business you will be running. So the first thing to do is look at your business plan and try to ascertain what kind of commercial prope...
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