Property

Ten tips for finding the right rental premises for your business

“This is the best time for a business owner to be looking for rental premises in South Africa,” says Stanton Naidoo, COO of Property Management Services at Business Partners Limited. The chances of finding just the right spot at the right price is ideal under the current conditions in the business property sector, which makes it very much a tenant’s market, he says. The choice to rent premises remains a weighty one and the side...
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The top five reasons to buy your business premises

Renting your business premises from a landlord makes a lot of sense when a business is young. Even though most entrepreneurs start out with loads of optimism, nobody really knows just how big a premises they will need or will be able to afford. But as soon as the worst of the start-up days are over, the business case for owning your own premises becomes overwhelming, says Shane Padayachy, area manager at Business Partners Limited (BUSINESS/...
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Buying your premises: good for business, but also for the heart

Business decisions should almost always be based on careful calculations and not mainly on emotions, but that doesn't mean that matters of the heart should be ignored. When it comes to the question of whether to rent or buy business premises, there are powerful psychological arguments in favour of buying, says David Morobe, regional manager at Business Partners Limited (BUSINESS/PARTNERS). The pure business case for buying premises for your...
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Growing your property portfolio not as simple as it seems

In many cases, the most straightforward property investment decision you can take is to buy the building that your business is based in. Although no property deal is risk free, at least you know the building, the area - and of course the tenant. But what if you're interested in expanding your property investment portfolio beyond the building that you occupy? Don't be fooled by how easy property investment seems, says Owen Holland, national ass...
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Property market outlook: gloomy, but with pockets of growth

It is getting close to a decade since the bottom fell out of the property market and still the global financial crisis of 2008 casts its long shadow over the year ahead. The gloom is made worse by yet more shadows cast by recent setbacks. “The property market is not independent of the overall economy and how it performs,” says Gerrie van Biljon, executive director at Business Partners Limited (BUSINESS/PARTNERS). Rising inflation, a fallin...
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Five common mistakes to avoid when buying a property

When things go wrong in commercial property investment they can really go badly wrong, because the consequences are often counted in millions or rands. (BUSINESS/PARTNERS) property investment general manager, to list five common mistakes made in commercial property investments. Before you venture into your next commercial property deal, says Holland, it pays to be aware of the following common mistakes so that you steer well clear of them. Comm...
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Buying a property

An investment or a curse? There is something about owning a property that gets the blood of business owners pumping. On the face of it, buying a business property is supposed to be a clinical decision, albeit a complex one. But Gerrie van Biljon, Business Partners Limited (BUSINESS/PARTNERS) executive director, finds that there can be deep emotional issues mixed in that can cloud judgments. Why else, says Van Biljon, does it happen so often tha...
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Building success a step at a time

I’ve worked with Business Partners since 2009 and we have always had a good working relationship. We’re currently working on a number of deals together and will continue to do business in the future. Gary Gould Unity Properties Owning one’s own business comes with a certain amount of risk, but as many business owners will attest, seeing a business grow and succeed is incredibly rewarding. Unity Properties, a specialist investment compa...
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Thinking of redeveloping? Do your calculations carefully

On the face of it, an older commercial building can look like a juicy opportunity for any business person with an entrepreneurial eye and some surplus cash to invest. A lick of paint, a bit of fixing, and the tenants will be queuing up to sign long, easy leases, right? Not quite, says Owen Holland, the property investment general manager at Business Partners. Buying to redevelop is a tricky business even for those experienced in the game. One...
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In hard times, property location becomes even more important

The thing about a cliché is that it always contains a kernel of truth, and no less so for the well-known refrain of “position, position, position” as the three most important factors to consider when buying property. In hard economic times it becomes even more relevant, says Willem Bosch, Business Partners COO of property management services. “In good times, nearly any business property can work because the tenants queue up to sign leases...
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