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This month we focus on property for your business and we meet Melvin Watkins, this month's square peg.
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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 that a business owner is content to let his rubbish pile up in the backyard while he rents a property, but cleans it all up as soon as he buys it? Certain aspects of property ownership are simply not clear-cut.

All the more reason, says Van Biljon, that business owners must take special care to apply clear thinking when they decide whether to buy a property. It starts with understanding why you want to buy it.

 
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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.
 

Common mistake 1: Shoddy due diligence

Fundamental flaws in a commercial building can be completely hidden from sight, says Holland. A perfectly sound structure might be built half a metre over the boundary line – a mistake that puts you at the mercy of your neighbours and one that will cost you millions to fix.

 
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May 2015 / Vol.6.4

IN THIS ISSUE:

Are you a
square peg?

This quiz is not scientific but serves to highlight some of the key attributes of entrepreneurs or “square pegs”, as we at Business Partners affectionately call them. The quiz should give you some idea on whether you “possess” entrepreneurial qualities, or not. However, please remember that a positive outcome/score is not a recipe for success.
 
Take the quiz

Stark choices on the road of business growth

Early on in his career, Melvin Watkins was starkly confronted by a dilemma faced by so many young entrepreneurs: should he venture straight into his own business, or should he cut his teeth first in the corporate world before starting his own enterprise?

Some entrepreneurs start off by working for someone else simply because they have no financial or social capital in the beginning, but Watkins actually had a difficult choice to make.

His father, a pioneering businessman himself, offered to help him buy a well-known chicken franchise once he finished with his matric. His father had become the first black Chicken Licken franchisee in South Africa, and was quite able to launch his son into business, but Watkins felt that he had his own pioneering to do.

 
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Perfecting the art of investing in property

Mooikloof Village Shopping Centre in Pretoria is a model of a small regional hub that was recently added to Business Partners growing portfolio of top-quality commercial properties. The centre consists of a mid-sized Spar, a Total garage, and some two dozen other shops.

This small centre fits right in with other Business Partners Limited (BUSINESS/PARTNERS) commercial property portfolio which includes multi-tenanted retail and industrial properties, says Shane Padayachy, BUSINESS/PARTNERS area manager. “What we always look for when investing in property is a good tenant mix with good lease terms or the possibility to improve the current tenant mix and lease terms. The property must also be located in developing or established areas with good access to main arterial or national roads,” he adds.

 
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Amalinda Square
 
Location: Amalinda Main Road, East London (opposite Checkers)

Description: Shop 4, which has an area of 247m2, is available. The centre is a very high profile site on one of the busiest roads in East London. The anchor tenants is Super Spar with McDonalds, Debonairs Pizza, Steers, Fish Aways and Clicks as other tenants together with a few smaller line shops and all the bank ATMs. The shop is situated between Clicks and the Super Spar.

Availability: Immediately

Contact:
Mandy Behrendt
043 743 5485
mbehrendt
@businesspartners.co.za
Natalia Shopping Centre
Location: Kloof, Durban

Description: Offices on the upper floor with sizes ranging from 18m2 to 85m2 are available to let.

Rental: R85/m2 to R100/m2

Contact:
Rani Veerasamy
031 240 7764
rveerasamy
@businesspartners.co.za












 
Maytime Centre
 
Location: Kloof, Durban

Description: A 60m2 shop in a prime location as well as one office are available to let.

Rental: Shop: R200/m2 Office: R65/m2

Contact:
Rani Veerasamy
031 240 7764
rveerasamy
@businesspartners.co.za












 
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