A rough guide to buying industrial property in and around Strijdompark:
Category Industrial Property News
Strijdompark situated in the sprawling suburban, commercial and industrial area of Randburg is a hive of economic activity. This is why so many businesses and office parks happen to be located in this area. This is evident in the amount of properties available for rental.
“Strijdompark is a great area for those wanting an industrial property as this is what the area has been designated for, with exposure to some of the main roads in the area as well as Malibongwe Drive which has been well established as an industrial node of the greater Randburg area, property is slightly more affordable in this area, this is why many are choosing Strijdompark over slightly more expensive areas within close proximity such as Sandton or Linbro Park” – remarks Stephanus Weyers, Director and Principal of API Property Group.
API Property Group is leading specialists in industrial and commercial retail. The city of Johannesburg has sited this area as an industrial hotspot with infrastructure upgrades on the cards. The location is inundated with warehouses and storage facilities and is home to various industries in Gauteng. Malibongwe Drive is one of the main roads for these industries and connects the area with the rest of Gauteng.
“Randburg has much growth potential and already has a booming rental market and buying in the Randburg area is a great investment because the property in the area is available at slightly lower prices in comparison to properties in the surrounding areas” – Property24.
Four useful tips for business owners looking to rent or buy industrial property:
Searching for the best possible property
Don’t just read up on the area you wish to invest in but actually physically visit the location, this will help you to get a better understanding of the said location and if it’s an area you’d like to run your industrial business from. Get professional advice from at least two different property specialists, have regular meetings with the property company you’d like to source the property from and let them find the best possible solution for your needs.
Learn how the industry works
The industrial property industry is all about nuances and it’s vital to try and understand these nuances to make the right decision when choosing your industrial property to rent or buy. It can sometimes be more beneficial to purchase property which may be slightly less expensive but is located in a better area then to purchase property that may be expensive but no real investment is being made in the particular area with no sign of future growth. An areas reputation will have more of an impact on it value appreciation as opposed to the price and value of the actual property.
Make sure you have a good credit rating and are debt free
Although there are always exceptions to every rule and certain industrial properties will allow you to buy or rent with cash, most will want you to have a good credit record and be debt free as for most start-up businesses renting or buying industrial property will need some kind of support from the bank. Before you invest in your new dream industrial property make sure you are debt free. You are likely to be far more successful on your application for finance with a clean credit record.
Negotiate the best deal possible
Research is key, do as much research as possible on your future industrial property and shop around for the best prices possible. Negotiate with the potential property company and see if they can match your price. If you are working with a credible property company such as API Property Group, if they can’t match the price on the property you want, it’s likely that they will be able to source another suitable property within a similar location.
With so many options to invest in the Strijompark area, get on the phone and contact an API Property Group broker to make your industrial property dreams a reality.
Author: API Property Group