Rental property makes for good investments
The pros should exceed the cons Exclusive and exotic Asian antiques
WHEN looking to invest in real estate, seek out tenanted rental property, advises Rainer Stenzhorn of leading property auction house, In2assets.
Stenzhorn says this type of investment – frequently available on In2assets’ monthly commercial property auctions – offers many benefits. “If the buyer’s goal is to expand his or her real estate portfolio, generate cash flow, and maximise returns, a tenant-occupied rental investment property could be just right. But, like other investments, there are pros and cons to a property acquisition – and the pros have to exceed the cons.”
In2assets assists potential buyers of tenant-occupied properties to notch up the pros through:
Helping buyers to accurately calculate their return on investment;
Providing detailed historical data on rental properties to ensure affordability and punctual payments by tenants;
Offering property inspections for buyers to assess quality of both tenants as well as the condition of improvements;
Scrutinising lease agreements prior to auction to ensure complete transparency without any hidden agendas.
Stenzhorn says In2assets frequently offers high profile multimillion-rand properties on auction with nationals as anchor tenants on long-term lease agreements – “such properties are the most sought-after investments in the country”.
He adds: “The In2assets public auction platform allows fair and equal opportunities to all investors who can be assured the company does not engage in selective and secretive marketing to an elite few clients.”
The company also offers professional and aggressive marketing. A comprehensive electronic and printed information pack is available on each property, simplifying the due diligence process.
He says one of the main benefits of investing in tenanted properties is that they provide immediate income and annual increases in income due to escalating rents.
Instead of purchasing already tenanted properties, investors sometimes favour vacant property.
The next In2assets commercial and industrial auction is on June 20 at the Durban Country Club.
Illovo Business Park, a multi-tenanted investment property comprising a total of 120 lettable units, situated in the Durban South precinct, will be among many lots on offer.
For information on that property and auction visit www.in2assets.com or contact Rainer Stenzhorn at rstenzhorn@in2assets. com. A LARGE variety of exclusive and exotic imported antique furniture sourced from the liquidation of Johannesburg Antiques will be sold by Park Village Auctions’ on May 31.
The assets – comprising rare architectural pieces, antique furniture and decorative elements, light fittings and chandeliers – were the stock of Johannesburg Antiques, currently in liquidation under Masters Reference C20247/2014.
First to go under the hammer will be an assortment of authentic architectural fittings which include Burmese teak Gujarat doors, Jali iron and Burmese teak balcony rails, Burmese window frame shutters, teak pillars, and a 19th-century Gujarat teak carved screen.
Antique furniture includes:
Nine-leaf extended teak dining table;
Georgian teak bookcase; Almirah teak cupboard; Regency linen cupboard; Bengali church bench; Burmese teak tables;
Italian armchairs; Chippendale rosewood to be auctioned dining MAY 27 2018 chairs; and
Chests of drawers, ottomans, coffee tables and occasional tables among other rare items.
Classical chandeliers, lamp stands, lanterns and ornaments are also on offer. The lots here include antique mirrors, and wood and stone figurines.
Viewing is on May 30 from 10am to 3pm at the auction venue: 8 Prolecon Road in Prolecon, Joburg. For more details, phone 011 789 4375 or visit www.parkvillageauctions.co.za. – Auctions Writer
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