Search the internet or your local newspaper and you are bound to find a large number of Cape Town industrial properties for sale. Supply is not the concern, however. The question is whether or not industrial properties constitute a wise investment.
Many small business owners do not have access to the capital required to buy premises for their operations and, as such, rental seems the best option. If, however, you do have the capital to invest you will find that owning commercial- and industrial property (whether for your own use or for rental income) offers a number of advantages. These include:
You have the freedom to use the premises as you see fit (bar restrictions imposed by the building code and/or your bank).
You have a larger say in the management and repair of the building of which the property in question forms a part.
As property prices tend to escalate, you may very well make a profit from resale of the premises in the future.
Letting your property gives you ready access to a supplementary income stream.
You may move the location of your business whenever you wish, as you are not tied down by a long-term contract.
Once you’ve decided to invest in commercial property of your own, you will find that the next step is deciding which type of property you require. You may, for instance, be looking at warehouses for sale, but find, after careful consideration, that a retail space would prove far more lucrative.
Asking yourself the following questions may serve to narrow down your options:
If buying for own use, what type of premises does your business require (shop / factory / office space / warehouse / mixed-use)?
How much space do you require for each business activity that will be taking place on your premises?
Which facilities do you require (Electricity, W/C, plumbing, heating, air conditioning, underground parking)?
What type of impression do you wish your premises to give customers and suppliers?
What is your budget?
Which location would you prefer?
Please do not hesitate to contact a Galetti representative should you have further questions pertaining to Cape Town industrial properties for sale.
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