Serviced office space provider, The Business Exchange, in partnership with Maxcity Properties, the largest and most established company in Mauritius, has launched an exciting new opportunity for investors to own offshore property in Mauritius.
117 sectional title serviced office space units are for sale from US $36 500 each and David Seinker, founder and CEO of The Business Exchange says this is the ideal opportunity for investors seeking an affordable yet safe way to invest offshore.
All units will form part of a rental pool that The Business Exchange will manage. Investors receive their net rental, the sum being dependent on the size of the property they own (calculated according to square meterage). With occupancy projected to reach up to 80%, buyers can expect net returns before tax on their investments of up to 10% from as early as year 2, with projected property appreciation of 30% over seven years.
After being incorporated in 2014, The Business Exchange has grown to seven locations across South Africa and Mauritius, with further expansion plans for the rest of the continent. The company successfully launched its first international location in Mauritius in 2019 and the building quickly became one of The Business Exchange’s top-performing locations after achieving full occupancy in record time.
Mauritius is increasingly being recognised as one of the foremost investment destinations on the African continent, presenting a sound environment both politically and economically. Major international brands including Samsung, Broll, Expedia and NBA, have already based themselves at The Business Exchange in Mauritius in a serviced office environment.
The pandemic has accelerated the adoption of a hybrid work approach – one that balances the flexibility of working from home with the benefits of having office space where employees can meet, interact, and engage in person.
Seinker explains that companies concerned about getting tied down by long, inflexible leases currently, also benefit from a few other advantages when they choose the option of a fully serviced professional office in which to practice this hybrid approach. Among these are savings on rental costs, fit out, furniture and IT infrastructure. This in turn, translates to more cash in hand to hire the kind of creative and innovative thinkers who know how to make the most of serendipitous encounters.
“Mauritius is a prime location, and this is a great opportunity for South African investors to own offshore property in a Dollar-based country,” he says.
“With this offering, The Business Exchange is targeting investors seeking to purchase property in a unique, high-growth asset class. Furthermore, it offers a hedge against the Rand in a location set to see stable and predictable growth and expansion soon,” he adds.