When looking to buy a commercial asset that will deliver returns, investors need to consider a number of factors, including location, tenant quality, property condition, and market demand.
Broll Auctions and Sales is taking three premier commercial properties, all with brand new seven-year triple net leases in place, to auction on the 22nd of August 2024, as part of a corporate disposal portfolio.
The properties, each with a gross lettable area (GLA) of 3 000m² on large erven with ample parking, are located in New Park in Kimberley, Waterfall Mall in Rustenburg and Emfuleni Drive in Vanderbijlpark.
“These assets offer a guaranteed income with escalation, ideal for an investor who is not looking to be an owner-occupier but wants steady income on an appreciating asset,” says Norman Raad, CEO of Broll Auctions and Sales.
All three properties currently have newly-signed seven-year leases with Virgin Active and are in excellent condition making them prime investment opportunities.
“When looking to buy commercial property, reliable tenants and long-term leases reduce the investment risk. Well-maintained properties with modern facilities – such as sauna, steam rooms and heated swimming pools in this case – also add to investment appeal as they require less capital expenditure for upgrades.”
Effective property management, including ensuring open communications with tenants to discuss any potential problems as they arise, is key especially in today’s fast-paced market, says Raad.
“We advise all investors to do their due diligence, speak to us about our market research in the area to help make informed decisions and identify strong commercial property investment opportunities.”
These prime properties will go under the hammer at Broll’s next live multi-property auction at 12:00pm on the 22nd of August 2024 at The Wanderers Club in Illovo.
For more information, contact Bakkies Reyneke on 082 451 6897.
