Commercial Industrial Property For Sale Near Me Johannesburg West

How Do you Select Best industrial property and commercial business Buildings for sale in Johannesburg West?

[tag]  is a specialist field. Not all property agents know enough about the commercial property market and the property type to do it well. Sellers in Johannesburg West should choose their agent with care.

The owners of investment property that want to sell their asset should carefully choose a real estate agent that is well versed in the market trends and the property type. That agent should also show a high level of current market share and success in commercial property in Johannesburg West  over the years.

Commercial Unit

Selling commercial property is not an ‘experiment’ or an exercise in ‘hope and pray’. When undertaken correctly in any market situation by a skilful agent, a property will attract enquiry and a sale is possible. The result then sits on the client’s ability to accept the industrial property for sale market price and market evidence. There are always buyers out there; they just have to be found and the sellers need to be accepting of the market trends.

Interesting Facts About Industrial Property and Commercial Business Buildings for Sale in Johannesburg West:

Industrial Commercial House

A real estate agent listing a commercial property should undertake a detailed property inspection before they give any indication of price or rent to a landlord or property owner. In only this way can they really know what the property is all about; that is what positive and negative aspects the property can create as an investment.

Every property is different and for that simple reason it pays to have some form of checklist to run through when as an agent you are listing the commercial property. The focus of the inspection will change depending on whether the property is to be for sale or for lease but here are some of the key issues that you would want to know about in listing the property for sale.

  1. Ownership of the property together with the split if any on property ownership

  2. Decision makers for the ownership

  3. Location detail and survey plans of the plot

  4. Details of the improvements in the property

  5. Details of all the leases and occupancy documents that apply to the sitting tenants

  6. Tenant contact detail for access in further inspections

  7. Details of rental paid at the current time and how that is documented

  8. Vacancy factors and areas that are soon to become vacant

  9. Details of the expenditure to run the property both today and over the last 3 years (in this way you can check the way the property has performed)

  10. Orders and notices that may have been issued over the property and which remain outstanding

  11. Matters relating to current negotiations in leases for further terms or amended lease situations

  12. Details of any existing lease incentives that have been provided to tenants currently and which remain active for the future

  13. Access arrangements for people and vehicles getting into and away from the property

  14. Any encumbrances, liens, and interests from other properties in the area and that can impact the subject property

  15. Services and amenities that serve the area and the property

  16. Energy supply and energy consumption factors

  17. Environmental factors that are current or could impact the property usage

  18. Heritage matters that can impact the property

The list does not end here but it is a good summary of the main elements that apply in a property inspection. Any one of these items could have issues to impact the price of the property. Importantly you are finding the issues before you price and list a property.

When you have the property correctly documented it makes the sale and any lease negotiation much easier. Most buyers today will undertake their own due diligence in the sale and settlement process. Make sure you find the problems before the buyer does and have all the right answers ready.

How to Market Commercial Real Estate for Sale or Lease

Industrial Commercial House

Many commercial real estate agents will tell you they sell commercial property. The reality is that only a few individuals and companies in any given area sell a lot of commercial property. There are some reasons for this.

  • Many salespeople only do general commercial property sales and do not specialise in any particular property segment

  • Database size and diversity is low offering small numbers of prospects

  • Market intelligence on sales and values is poor

  • Prospecting is a random event done as a last resort when things are tough

  • The links between property leasing and sales is not respected and optimised

  • Focus on skills and knowledge development is lacking for many individuals

This is all about knowing your property market and staying in front of the trends and needs. Commercial real estate is really a people business. The industry is built around logical decisions for both landlords and tenants. When you can provide the property logic and the right information, then more listings and commissions can come your way.

Search for Commercial Real Estate Businesses For Sale Near Me in Johannesburg West

Industrial Commercial House

When you list a commercial property as a real estate agent you have to get the price just right. The market buyers know what they want and what they should pay for particular property types. Pricing a property well is part of your selling strategy.

When you make a mistake in the property method of sale and or the price, you can be wasting your time in the marketing of the property. Not a good option when the listing is to make a good impression in the local property market. You need good enquiry from the first release of the marketing campaign.

Obviously the seller wants the highest price, but setting a price that is too high will kill the enquiry on the property in the early stages of the property marketing campaign. So you have to get the price just right.

These questions will help you with pricing the property. It pays to discuss these points with the seller of the property so they know the key issues that underpin and support the sales strategy that you choose.

How to Market Commercial Real Estate for Sale or Lease

Industrial Retail Property For Sale

Investing in commercial real estate is entirely different than buying residential properties. Commercial properties are substantially more expensive and must comply with state and local zoning laws. Property owners must have appropriate permits and insurance prior to leasing space to tenants and include provisions according to the American with Disabilities Act.

Commercial real estate includes a variety of properties such as apartment buildings, condominium complexes, shopping malls, retail outlets, office buildings, industrial parks, and plots of vacant land.

When investors purchase vacant land the property must be inspected and approved before buildings can be erected. Property owners must obtain appropriate building permits through their county's zoning commission. Investors need to conduct due diligence to ensure properties are zoned for commercial use before submitting a purchase offer.

Leasing rates for commercial real estate is substantially higher than residential properties. Depending on the area, rental home prices hover around $5 per square foot, while commercial leasing prices can be $10 to $15 per square foot. Prices depend on the type of property, location, and facility use.  

Buying commercial real estate can offer a higher level of profit than residential properties, but also carries a higher level of risk. Investors must take time to understand all aspects involved and partner with professionals who they can turn to for advice. Otherwise, they place their self at risk for foreclosure, lawsuits, and tenants who default on leasing agreements. 


Where To Buy Commercial Property Near Me Johannesburg West

Not all Buying A Commercial Property Near Me in Johannesburg West should be auctioned, but the auction method of sale does have real advantages if the property is just right and the market is accepting of that method of sale. Here is why.

The key governing factors to determine if auction is a real chance or choice for the commercial property owner are the current levels of enquiry for that property type, and the prevailing business sentiment. If this is the case then you can look further at auction.

Industrial Retail Property For Sale

The auction method of sale is a proven time based sale process that flushes out the enquiry and if the investment property ticks all the other boxes such as acceptable (and not excessive) levels of comparable property on the market that are competing with the subject property coming up for auction.

Do not overlook the advantages of auctioning a commercial property. Just make sure all the other existing elements are in support of that method of sale before you start, which is why they use commercial business industrial property buildings for sale agents.

How Do You Select The Commercial Business Industrial Property Buildings for Sale in Johannesburg West?

Property For Sale

Many commercial real estate agents will tell you they sell commercial property. The reality is that only a few individuals and companies in any given area sell a lot of commercial property. There are some reasons for this.

  • Many salespeople only do general commercial property sales and do not specialise in any particular property segment

  • Database size and diversity is low offering small numbers of prospects

  • Market intelligence on sales and values is poor

  • Prospecting is a random event done as a last resort when things are tough

  • The links between property leasing and sales is not respected and optimised

  • Focus on skills and knowledge development is lacking for many individuals

This is all about knowing your property market and staying in front of the trends and needs. Commercial real estate is really a people business. The industry is built around logical decisions for both landlords and tenants. When you can provide the property logic and the right information, then more listings and commissions can come your way.

How To Value Commercial Property

Property For Sale

Not all commercial investment properties should be auctioned, but the auction method of sale does have real advantages if the property is just right and the market is accepting of that method of sale. Here is why.

The key governing factors to determine if auction is a real chance or choice for the property owner are the current levels of enquiry for that property type, and the prevailing business sentiment. If this is the case then you can look further at auction.

The auction method of sale is a proven time based sale process that flushes out the enquiry and if the investment property ticks all the other boxes such as:

  1. Preferred property type in the local market.

  2. Good improvements on the property.

  3. Location factors that attract enquiry.

  4. Capital growth opportunities.

  5. Good tenant profile or anchor tenant.

  6. Good lease structure that supports stability of rent.

  7. Low vacancy factors and associated risk.

  8. Tenant mix that is well structured and balanced for property function and rent growth. This is really important in retail property.

  9. A realistic seller with a reserve price that allows for comparable property evidence and other sales history.

  10. A vendor funded marketing campaign that targets the right buyers and activates enquiry from them.

  11. Acceptable (and not excessive) levels of comparable property on the market that are competing with the subject property coming up for auction.

Do not overlook the advantages of auctioning a commercial property. Just make sure all the other existing elements are in support of that method of sale before you start.

Find All Buying A Commercial Property Near Me in Johannesburg West

Industrial Old Factory For Sale

What commercial property types should you buy? You should consider the pros & cons of each property type, as well as, have a good understanding of your investment objectives and your experience. These factors will help lead you to your ideal commercial property.

Listed below are the most common commercial property types.

Apartments/Multi-family
Apartments or multi-family buildings are usually the first choice for new commercial investors. Apartment management and financing is very similar to residential, and so new investors feel more comfortable with them. The main disadvantage with apartments, is that they are management intensive.

In order for an apartment to be considered commercial property, it must have 5 or more units. There are numerous sub-types of apartments:

  • Low-Rise Garden Apartments

  • Mid-Rise Apartments

  • High-Rise Apartments

  • Student Housing

  • Military Housing

  • Townhouse Style

  • Co-op
  • When you are looking at properties to purchase, pay close attention to the location and general market for that area. You will want to avoid properties that are located in economically depressed or seasonal areas. Also, the property should have acceptable aesthetic qualities to be competitive with market standards and have a minimum occupancy of at least 85%.

    What if the property you are evaluating has inferior physical characteristics or is in an economically depressed area?

    You may have a higher interest rate, higher reserves and tighter underwriting constraints.

    Healthcare
    These property types are nursing homes, congregate care and assisted living centers. Properties should be close to retail and community services. Be cautious of properties in economically depressed or seasonal areas. Also, be sure that the property complies with ADA requirements.

    Hotel
    Hotels are characterized as either Full Service or Limited Service.

    Full Service Hotels can be further divided into Luxury, Upscale, Mid-scale, and Extended Stay hotels.

    Limited Service Hotels can be further divided into Mid-scale, Economy, Budget and Extended Stay. When considering hotel properties, the property should have a stable operational history. A property with a history of four or less years should be scrutinized. The minimum acceptable occupancy is usually 60%. Lenders also prefer franchise affiliated hotels with franchise agreements extending beyond the term of the proposed loan.

    Industrial
    These property types will have usage for industrial purposes only. Such as

  • Warehouse-single tenant

  • Warehouse-multi tenant

  • Manufacturing

  • Research & Development

  • Flex Space

  • Light Industrial

  • Heavy Industrial
  • Self Storage
    Also is called Mini-Storage, it is used for personal storage for lease by consumers.

    Other Specialty
    These property types are unique and the financing them can be difficult. They include
    gas stations, oil change facilities, etc.

    Industrial Property Buying Tips and Tools

    Industrial Office For Sale

    When you list a commercial property as a real estate agent you have to get the price just right. The market buyers know what they want and what they should pay for particular property types. Pricing a property well is part of your selling strategy.

    When you make a mistake in the property method of sale and or the price, you can be wasting your time in the marketing of the property. Not a good option when the listing is to make a good impression in the local property market. You need good enquiry from the first release of the marketing campaign.

    Obviously the seller wants the highest price, but setting a price that is too high will kill the enquiry on the property in the early stages of the property marketing campaign. So you have to get the price just right.

    These questions will help you with pricing the property. It pays to discuss these points with the seller of the property so they know the key issues that underpin and support the sales strategy that you choose.

    Property For Sale

    https://wesalebusinessproperties.co.za/johannesburg-west/

    WesaleBusinessProperties is Doing Johannesburg West  Promotions

    Commercial Warehouse For Sale Near Me Crown Mines

    Not all Industrial Real Estate For Sale Near Me in Crown Mines should be auctioned, but the auction method of sale does have real advantages if the property is just right and the market is accepting of that method of sale. Here is why.

    The key governing factors to determine if auction is a real chance or choice for the commercial property owner are the current levels of enquiry for that property type, and the prevailing business sentiment. If this is the case then you can look further at auction.

    Industrial Retail Property For Sale

    The auction method of sale is a proven time based sale process that flushes out the enquiry and if the investment property ticks all the other boxes such as acceptable (and not excessive) levels of comparable property on the market that are competing with the subject property coming up for auction.

    Do not overlook the advantages of auctioning a commercial property. Just make sure all the other existing elements are in support of that method of sale before you start, which is why they use commercial business industrial property buildings for sale agents.

    How Do You Select The Commercial Business Industrial Property Buildings for Sale in Crown Mines?

    Warehouse Lease

    The very first thing you need to ask yourself when wanting to purchase a new commercial property is what is its value not it's selling price? You need to know what you're going to be able to sell it for in order to make a profit before buying it. Also ask yourself if the asking price is relative to the income the property is generating.

    Vendors usually take chances and try to price a commercial property based on its future value. Unfortunately most vendors don't get their properties sold as banks don't look at the future value but the current market value of that property. So how do you value commercial property? Below are three tips I use to help me make the right decision when buying a property.

    In other words if you have a property that generated R150,000 per year but it has expenses of R50,000 per year that would leave you with a NOI of R100,000 per year. If you purchased a property worth one million rand and it generates a income of R100,000 per year that would be called a 10 cap property. The 10 cap means you would get a 10% return on your investment each and every year for your one million rand invested assuming you bought the property cash.

    Choosing a Real Estate Agent - When Can You Sell Your Commercial Property?

    Property For Sale

    Real estate has always been known as the safest of investments.

    In fact, real estate investment completed after proper research into and evaluation of the property (to determine actual and future value), can lead to tremendous profit.
    This is one reason many people choose real estate investment as their full time job.

    Discussions about real estate tend to focus on residential real estate; commercial real estate, except to seasoned investors, typically seems to take a back seat.
    However, commercial real estate is also a great option for investing in real estate.

    Commercial real estate includes a large variety of property types.
    To a majority of people, commercial real estate is only office complexes or factories or industrial units.
    However, that is not all of commercial real estate. There is far more to commercial real estate.
    Strip malls, health care centers, retail units and warehouse are all good examples of commercial real estate as is vacant land.
    Even residential properties like apartments (or any property that consists of more than four residential units) are considered commercial real estate. In fact, such commercial real estate is very much in demand.

    Or in another case (i.e. when a retail boom is expected in a region), though your commercial real estate investment strategy was devised around purchasing vacant land, you might find it more profitable to buy a property such as a strip mall or small plaza that you can lease to retailers or a property that you can convert into a warehouse for the purpose of renting to small businesses.

    So in a nutshell, commercial real estate presents a veritable plethora of
    investing opportunities, you just need to recognize them and go for it.

    About the Author:
    Dave Jarvis is a licensed Real Estate Broker in Florida and is Broker and Owner of Realty Concepts, Inc. a Southwest Florida Real Estate Corporation.
    If you are interested in Southwest Florida Properties see his website at [http://www.rciflorida.com]

    For additional Real Estate information go to: [http://www.realestateseekerusa.com]
    For Real Estate Financing information see : [http://www.mortgageseekerusa.com]

    Find All Industrial Real Estate For Sale Near Me in Crown Mines

    Industrial Old Factory For Sale

    Investing in commercial real estate is entirely different than buying residential properties. Commercial properties are substantially more expensive and must comply with state and local zoning laws. Property owners must have appropriate permits and insurance prior to leasing space to tenants and include provisions according to the American with Disabilities Act.

    Commercial real estate includes a variety of properties such as apartment buildings, condominium complexes, shopping malls, retail outlets, office buildings, industrial parks, and plots of vacant land.

    When investors purchase vacant land the property must be inspected and approved before buildings can be erected. Property owners must obtain appropriate building permits through their county's zoning commission. Investors need to conduct due diligence to ensure properties are zoned for commercial use before submitting a purchase offer.

    Leasing rates for commercial real estate is substantially higher than residential properties. Depending on the area, rental home prices hover around $5 per square foot, while commercial leasing prices can be $10 to $15 per square foot. Prices depend on the type of property, location, and facility use.  

    Buying commercial real estate can offer a higher level of profit than residential properties, but also carries a higher level of risk. Investors must take time to understand all aspects involved and partner with professionals who they can turn to for advice. Otherwise, they place their self at risk for foreclosure, lawsuits, and tenants who default on leasing agreements. 

    Industrial Property Buying Tips and Tools

    Industrial Yard For Sale

    Many property investors choose industrial property as their first type of property investment outside of residential property. This then shows that the first time or smaller property investors believe that industrial property has key advantages for them.

    The main advantage we can see frequently is that industrial property is relatively simple and basic when it comes to property performance. It is not hard for property investors to know what to do and what to control with property rents, leases, and property maintenance.

    So what could be some other elements of industrial performance that are worth considering if you were and investor and you wanted to purchase a good property or something with real potential? Here is a list to get you started.

    These are the most common points of concern and focus in industrial property that we come across as we speak to many investors, tenants, and real estate agents.

    1. Transport routes to the property and those that are used by a typical industrial tenant must be understood. The routes must be easily accessible as a system of raw material supply and product distribution.
    2. Many tenants need raw materials as part of their business operation. What are these raw materials and how easy is it for the tenant to get them? Look at the access factors for air transport, shipping and port access, together with freeways and the main road networks.
    3. The power to the property should be of the type that industry uses. In most cases that is what we call '3 phase' or 'high tension' power. It is the type of power supply that industry needs for large machinery function. If this power is not available you will have to assess how much it will cost to get it to the property.
    4. Cost and supply of labour force is important to industrial tenants. Invariably they will need people to work in the business. Proximity of the industrial property to local residential areas or towns will help with a source of labour supply; however another advantage with this will be access to public transport for the employees.
    5. Moving the end manufactured goods to their market is quite important to the industrial tenant. Today we see reasonable flexibility with truck transport and road networks however some very heavy or bulky goods will need rail heads as a point of distribution. Rail transport still has the advantage when it comes to large volume and heavy goods.
    6. Industrial property investment seems to be strongest in performance around major cities with established growth cycles. Even in a slow economic cycle these industrial properties will perform given the interaction with the community and reasonable access to end markets.
    7. In good property markets the industrial property tends to give higher levels of return when compared to office and retail property. This is an analysis on average so the other elements of location, tenant selection, and market access are still important to the equation. The industrial property market is still robust when economic cycles are positive.
    8. When economic cycles change to the positive, it is the industrial property that responds first even before office and retail property.
    9. Leasing industrial property is basic and simple. Vacancies are easy to manage providing the property is not too special in design that limits tenant usage.
    10. Rents are usually on a net rent basis and the tenants normally take responsibility for the payment of outgoings. In saying that, the landlord needs to ensure that they have a sound accounting process that checks the tenant in that payment cycle. The landlord does not need or want an unpaid account and fines applied thereto.
    11. When the property market is active, the pre-lease market on new industrial property construction is quite strong. It is the timing of the release of newer industrial projects that needs to be carefully managed.
    12. Owner occupation is an element of industrial property performance that moves in cycles. Reading, developing and selling into that property market can be lucrative. This also says that the owner occupiers of industrial property will also sell out of their owned property. Real estate agents can tap into the major businesses to capture this source of new industrial property listings.
    13. When the property market is 'strong' the yields achieved on well positioned industrial property at sale time are usually attractive for the seller. This does say that care must be exercised in having good tenants, great leases, great location, and a well maintained property.
    14. Buyers of industrial property come from two sources. That is the investor market and the owner occupiers. This provides versatility in property disposal if one market segment is slower.
    15. Corporate investors will move property in and out of the balance sheet as the company changes and repositions itself for business advantage. Monitoring the media for such changes will give investors a source of opportunity. The process of 'sale and lease back' is common in industrial property.
    16. Ample car parking for staff and customers
    17. Good loading and turning areas for trucks
    18. Functional office areas that support the warehouse operation
    19. Generous warehouse height and entry points for trucks and storage
    20. Security for the premises
    21. Access to quality business communication systems including telephone, data, internet, and mobile communications
    22. Good signage at the front of the property that gives the business a clear identity
    23. Proximity to services such as roads, transport, water, gas, electricity, and other industrial tenants.

    These elements are the most common that we see in successful industrial property. Whether you be a real estate agent, a property investor, or a business needing a building to occupy, you can start with this basic list and add your special criteria to formulate the profile of a good industrial property in your area.

    Property For Sale

    https://wesalebusinessproperties.co.za/johannesburg-west/

    WesaleBusinessProperties is Doing Johannesburg West  Promotions