Peter Richards’ Post

CAMDEN PROPERTY INVESTMENTS - 81m2 A-Grade office available for lease in Glenashley. Situated in an upmarket, well-maintained, and very secure commercial building. Easily accessible via the M4 freeway and offers great visibility. In proximity to retail shops, restaurants, and public transport. The premises are fully fitted with air-conditioning, a kitchen unit, and laminate floors throughout. PROPERTY FEATURES: 24hr access controlled security, guard, modern finishes throughout, well positioned, Ground floor premises, Communal ablutions, fiber, air-conditioned. Available: Immediately LEASE INCLUDES: Net rental Operational costs Rates & taxes - Base rate LEASE EXCLUDES: Utilities (Water, electricity, sewerage & refuse) Park levy and service charges Parking: Covered bays at R700 per bay pm Increases in rates & taxes VAT - 15% Contact Lezanne Burger from Camden Property Investments for more information, additional options in the area or to arrange a viewing. #realestate #realestateagent #realestatebroker #realestateexpert #commercialleasing #commercialbroker #commercialbuildings #commercialinvestment #commercialdevelopment#commercialproperty #commercialproperties #leasing #lezanneburger #development #developments #officeleasing #officebuildings #officebuilding #officemarket #propertymarket #propertymarketing #tolet #propertydevelopment #camdenpropertyinvestments #tolet #brokerage #property #leasing #officetolet

New Investment Sale We are pleased to have been instructed to sell the freehold interest in Ailsa House, comprising high quality offices refurbished to EPC B with secure income from the Secretary of State and VP PLC. The salient details are as follows: ·        Located on Turnberry Park, an established business park location located a 1 minute drive from the M62 / M621 interchange. ·        Recently refurbished to an EPC B. ·        High-quality modern offices with flexible floor plates providing a total of 26,625 sq ft of accommodation over 3 storeys. ·        Let to 2 tenants with 59% of rent from the Secretary of State for Housing, Communities, and Local Government, who have recently renewed their lease. ·        Rent passing of £291,990 pa, which equates to a low rent of £13.19 psf on the let accommodation.  ·        Opportunity to let the vacant accommodation and increase the rental income. ·        WAULT of 4.92 years (without breaks). ·        Freehold Offers for the freehold interest are invited in excess of £2,750,000 which equates to a net initial yield of 9.98%, assuming purchaser’s costs of 6.41%, and a low capital value of £103 psf. Upon letting of the vacant office suite this would result in a net reversionary yield of 12.04% (based on an ERV of £13.50 psf). For more information please contact myself or colleagues James Forrester and Mathew Atkinson #Leeds #offices #officeinvestment #governmentincome #investment

558m2 A-Grade office available for lease in Westville, situated in the Westway Office Park. The park is centrally situated in Westville, with easy access to the N3, the N2 North, South, and Durban’s central business district, as well as a host of local amenities across the Road at The Pavilion Mall. The premises are white-boxed, design our own layout to suit your requirements, ceiling tiles, lights and fully air-conditioned. PROPERTY FEATURES: 24-hour access controlled security, Guard, 1st-floor premises, Back-up generator, Communal serviced ablutions, Disability access - Lift, Basement Parking. White-boxed, design your own layout - Tenant installation allowance - Negotiable LEASE INCLUDES: Net rental Operational costs Rates & taxes - Base rate LEASE EXCLUDES: Utilities (Water, electricity, sewerage & refuse) Basement Parking - R 700 per bay Increases in rates & taxes VAT - 15% Contact Lezanne Burger from CAMDEN PROPERTY INVESTMENTS for more information, additional options in the area or to arrange a viewing. #realestate #realestateagent #realestatebroker #realestateexpert #commercialleasing #commercialbroker #commercialbuildings #commercialinvestment #commercialdevelopment #commercialproperty #commercialproperties #leasing #lezanneburger #development #developments #officeleasing #officebuildings #officebuilding #officemarket #propertymarket #propertymarketing #tolet #propertydevelopment #camdenpropertyinvestments #tolet #brokerage #property #leasing #officetolet

558m2 A-Grade office available for lease in Westville, situated in the Westway Office Park. The park is centrally situated in Westville, with easy access to the N3, the N2 North, South, and Durban’s central business district, as well as a host of local amenities across the Road at The Pavilion Mall. The premises are white-boxed, design our own layout to suit your requirements, ceiling tiles, lights and fully air-conditioned. PROPERTY FEATURES: 24-hour access controlled security, Guard, 1st-floor premises, Back-up generator, Communal serviced ablutions, Disability access - Lift, Basement Parking. White-boxed, design your own layout - Tenant installation allowance - Negotiable LEASE INCLUDES: Net rental Operational costs Rates & taxes - Base rate LEASE EXCLUDES: Utilities (Water, electricity, sewerage & refuse) Basement Parking - R 700 per bay Increases in rates & taxes VAT - 15% Contact Lezanne Burger from CAMDEN PROPERTY INVESTMENTS for more information, additional options in the area or to arrange a viewing. #realestate #realestateagent #realestatebroker #realestateexpert #commercialleasing #commercialbroker #commercialbuildings #commercialinvestment #commercialdevelopment #commercialproperty #commercialproperties #leasing #lezanneburger #development #developments #officeleasing #officebuildings #officebuilding #officemarket #propertymarket #propertymarketing #tolet #propertydevelopment #camdenpropertyinvestments #tolet #brokerage #property #leasing #officetolet

94m² A-Grade sectional title, ground floor office for sale in La Lucia. Situated in a well-maintained commercial building, this prime business address offers a secure, upmarket work environment for staff. Easily accessible via the M4, N2, and M41 main arterial routes. Ideal for an owner-occupier! The office is fully fitted with carpeted floors throughout, Reception area, 1 Enclosed office, Large open plan area, Boardroom, Private ablution, a Kitchen and partial sea views. Large balcony for entertaining or staff lunches. The space is currently tenanted, with options to vacate or remain in lease PROPERTY FEATURES: Backup generator | Backup water | Lift - disability access | Natural light | Fully air-conditioned | Sea views | 24-hour Park security | Basement Parking | Visitor parking | Private kitchen and ablutions | PRICE INCLUDES: 3 Basement bays, 2 open bays PRICE EXCLUDES: VAT - 15% (*Zero rated transaction option) Contact Lezanne Burger from CAMDEN PROPERTY INVESTMENTS for more information, additional options in the area or to arrange a viewing. #realestate #realestateagent #realestatebroker #realestateexpert #commercialsales #commercialbroker #commercialbuildings #commercialinvestment #commercialdevelopment #commercialproperty #commercialproperties #sales #lezanneburger #development #developments #officesales #officebuildings #officebuilding #officemarket #propertymarket #propertymarketing #forsale #propertydevelopment #camdenpropertyinvestments #sale #brokerage #property #propertyinvestment #officeforsale

What is a Modified Gross Lease❓ It is a rental agreement where the tenant pays a portion of the operating expenses in addition to the base rent. It has specific expenses outlined and negotiated between the landlord and tenant. 🤝 The tenant typically covers unit maintenance and repairs, utilities, and janitorial costs. This lease structure is typically seen in an office building with multiple tenants. 🏢 What real estate term should I cover next? Let me know! 👇 #brandoncashflow #realestateinvesting #CRE #modifiedgrosslease #commercialrealestate

With the commercial real estate market tilted in favour of tenants, you might wonder, “Do I really need a Tenant Rep?” Here’s are ten reasons why appointing one still makes all the difference. Read the full article: https://lnkd.in/dMnTBMaQ #tenantrep #tenantrepresentation #office #strategy #business

#JustListed Renovated 2,192 SF Office Building - For Sale or Lease 💕 ____________________________________________________________________________ Secure this all-brick office building built to last, offering a functional layout to fulfill your business needs. This site has surface parking in the front with room to expand parking in the back, a fenced-in lot with 800 sf outside storage, six private offices, a conference room, and (4) bathrooms. Completely renovated, this turnkey site is zoned C-2, which provides a variety of permittable uses. Inquire today to coordinate a site tour. Exclusively Listed By: Ashley Flott Osmium Development Group 📧 ashley@osmiumdg.com #commercialrealestate #commercialrealestatebrokers #realestate #acquitions #sales #development #leasing #investments #office #retail #westcolumbia #columbia #news #communitydevelopment #nonprofit #expansion #business #growth #opporunity #lexingtoncounty #richlandcounty #like #share #follow #Linkedin

Case Study🤩 See how we helped Oakfield Business Centre 👇🏽 We were instructed by a former tenant to defend a dilapidations claim on their c.5,500 sq ft hybrid office/workshop. The building was vacated with dilapidations but it also had very dated specifications as it was in need of modernisation/upgrades. The Landlord served their Terminal Schedule of Dilapidations Claim (a report that provides a precise breakdown of repairs that must be scheduled to reinstate a property to its original condition as stated in the lease agreement) at a total sum of £202,500. The landlord ‘did the works’ so were confident in securing their reduced claim at £170,000 (once recognised improvement costs were removed). Our combined application of both the Building Surveyor on costings (which limited impact once the Landlord had done the work) and the Valuer of nuanced Diminution Valuation/Section 18 arguments. A settlement (all-inclusive) was reached at £67,000. #CaseStudy #Tenant #DilapidationsClaim

As noted in the article there is a shortage of newly completed high quality office space and being a Superfund they have to invest significant funds. It will be interesting to see how it goes with falling demand for lease and purchase of office space post Covid. Also the fixed cost construction contract signed before recent cost increases seems to further increase risk, if the builder has no profit margin it will be an issue. Any thoughts? As always please be respectful, inclusive and polite to others or refrain from commenting. This is for the purpose of encouraging discussion, and I am not advocating a particular position. https://lnkd.in/g76sX7a9