Business Development Provides opportunity for investors

Why rent office space over the long term, when it makes more sense to buy? asks Mike Walters, Divisional Head of Renprop Commercial, a company specialising in both the leasing, sales and development of commercial property. Walters notes that many small to medium sized businesses could be creating wealth in a separate entity by paying off an appreciating asset if they chose to buy their office space instead of rent for a period of more than eight years. 

Prime Bryanston site ready for commercial development

Since its early beginnings in the 1940s, the northern Johannesburg suburb of Bryanston has always been sought after among residential property investors. More than 70 years on and the area has retained its appeal, seen solid increases in its property values, and now appeals to both residential and commercial property investors.  

In more recent years the suburb’s arterial roads, most notably Main Road, William Nicol Drive, Ballyclare and Bryanston Drives, have increasingly seen commercial development take place with a number of office parks now servicing the area.  

Predictions for property in 2013

Chris Renecle: MD, Renprop

While there are signs of recovery in the traditional market where homes are typically priced between R800 000 and R1,5million, access to finance remains a challenge in the current property market place, especially in those market sectors that rely heavily on 100% bonds.

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