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This month we focus on the property industry and meet our two latest square pegs, Dayne Marais and Brian von Holdt.
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Lots of opportunities for SA property buyers who take the long view

After years of lower-than-inflation price growth and stagnant sales, the property market in South Africa is not a happy place for real estate agents and sellers, says Shane Padayachee, property investments area manager at Business Partners Limited (BUSINESS/PARTNERS).

For an intrepid investor, however, the depressed market means lots of opportunities for finding bargains, provided that the properties are carefully chosen with thorough due diligence and a long-term investment horizon in mind.

Several factors have conspired to keep the property market in the doldrums, says Padayachee. The main one is the overall anaemic state of the South African economy. With household spending under stress, businesses under pressure, an eye-watering unemployment rate and GDP growth scarcely north of 1%, the market is not exactly teeming with investors with large deposits to put down and financiers eager to extend property loans.

 
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Ten-point checklist for prospective property investors

The current economic environment in South Africa poses both opportunities and dangers for business owners who want to buy investment properties, says Stanton Naidoo, property management COO at Business Partners Limited.

On the plus side, the recent slowdown of the rise of property prices as well as a lower-interest rate outlook for the economy has turned the market in favour of buyers, but the downside is that the distressed economy comes with increasing numbers of distressed tenants and lots of uncertainty about the future value of investment properties.

Naidoo has drawn up the following checklist for prospective buyers to help them find good investments while minimising the risks.

 
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November 2017 / Vol.8.11

IN THIS ISSUE:

Bike business fuelled by passion 
 

”I could ride a motorbike almost before I could walk,” jokes Dayne Marais, owner of Gravel Pit Motorcycles in Montana, Pretoria.

Well, not quite, but in Grade 3 he started stripping his mother’s broken old scooter in the backyard to learn how it worked and to fix it. While his friends played Lego or TV games, Dayne poured over pistons and oil pumps. He had some guidance from his mechanically minded father, and fix it he did.

Dayne also showed early signs of interest and talent when it came to business. Still at school, he bought old BMX bikes, fixed them up and sold them.

It is no surprise therefore that at the age of 32, Dayne owns his own bustling and growing motorcycle workshop and retail outlet, based at Business Partners Limited’s (BUSINESS/PARTNERS) Montana Mini Units in Calliandra Street in Pretoria.

 
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Small investment blossoms into thriving property portfolio

Brian von Holdt used the savings from his student job to put down a deposit on a R300 000 house in Johannesburg. Today, sixteen years later, the portfolio that he had unwittingly started with that purchase has blossomed into a R300m multi-faceted property company, Ezulwini Investments.

“I caught the market perfectly,” says Brian of his first property deal in 2001 when he was studying towards an accounting degree at Wits. It was a buyer’s market and the banks were extending bonds generously. Very soon, the value of that first property more than doubled and he was able to leverage it to finance more property purchases in the same way - buy, fix and rent out.

Brian, 36, who grew up in Vereeniging and Johannesburg and was always interested in the business world. His father had at one stage built up the second largest optometrist chain in South Africa, and Brian was set on entering the financial world.

 
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Unit 22,
Richards Bay CBD Mini Factory
Richards Bay

Property type: Industrial unit

Location: Unit 22, Richards Bay CBD Mini Factory, 5 -7 Rupee Rif

Size: 135.5m²

Rental: R5 420

Availability: Immediately

Features: Armed response, ablution facility, water supply, cleaning, and waste removal.

Contact:
Feroz Khan
082 821 4305
fkhan
@businesspartners.co.za


 

Unit 27,
Dickswell Building
Pinetown
 

Property type: Office space

Location: Unit 27, Dickswell Building, 92-96 Josiah Gumede Rd, Pinetown

Size: 120m²

Rental: R4 500

Availability: Immediately

Features: Waste removal.

Contact:
Rani Veerasamy
079 533 3754
rveerasamy
@businesspartners.co.za




 

Unit 12,
Eldo Square Shopping Centre
Centurion

Property type: Retail space

Location: Unit 12, Eldo Square Shopping Centre, Eldoraigne

Size: 175m²

Rental: R31 500

Availability: Immediately

Features: Kitchen, water supply, cleaning, waste removal, air conditioning, geyser (hot water), and receiving area.

Contact:
Nicole Wannies
076 641 3292
nwannies
@businesspartners.co.za

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