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Swindon Property have concluded a number of sales to ‘owner- occupier’ investors as business owners realize the benefit to owning their own buildings due to the high rental escalations in the Western Cape and City Bowl. “Due the current economic downturn and insurgent recession the market to purchase is ideal for commercial property and customizing to your companies needs”, says Andrew Dewey.   A good example of this is the recent sale of 20-22 Waterkant Street for an undisclosed amount which a private landlord will renovate for their own use as a travel agency. The remaining floors will be let and allows the owner expansion in the future.

 

Although vacancy factors have still remain in the 10-12% region over the last quarter there is still an unprecedented upward movement in asking rentals, with parking rates especially becoming an ‘un negotiable’ rental for most Landlords. Swindon has therefore assisted many of their client with lease renewals giving valuable information on comparative asking rentals.

 

Please call Swindon if you have any queries or would like free advise on comparative rentals to your current premises and/or wish to look at purchasing options. Tel: 021 422 0778 or email info@swinprop.com.

 

Pictured: Jaclyn Beighton, broker at Swindon Property and Andrew Dewey, Director of Swindon Property.

 

 

 

| contact us |

delport ward & pienaar

attorneys, notaries &  conveyancers
1st floor - cornerstone house

16 loop street

cape town

8001

 

telephone, cape town
+27-21-419.3733

 

telefax, general
+27-21-419.3743

 

telefax, conveyancing
+27-21-425.6782

 

telefax, collections dept
+27-21-421.6625

 

telephone, london
+44-20-8133.0337

 

telephone, washington dc
+1-202-657.6733

 

telephone, hong kong
+852-8139.7374

 

|info@dwp.co.za|

|www.dwp.co.za|

 

 

1st floor - cornerstone house, 16 loop street, cape town | docex 600, cpt | t, +27-21-4193733 | f, +27-21-4193743

info@dwp.co.za | www.dwp.co.za