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The collective suburb of Berea, comprising smaller suburbs like Greyville, Musgrave and Upper Glenwood, was once home to some of the oldest manors in Durban.
When purchasing a property from a company or close corporation (CC) it is essential to ascertain whether the selling entity is currently registered with the Companies and Intellectual Properties commission or CIPC, previously known as CIPRO.
Anyone who has ever bought or sold a property is aware that a valuation is a prerequisite to the completion of the transaction. Louis van Rooyen, commercial and industrial broker with Rawson Commercial Somerset West says, “Some may view an annual valuation over a commercial property as an unnecessary exercise and expense.
Commercial properties in smaller towns typically offer investors higher yields as they come with strong long term tenants that move fairly infrequently
According to Jason Lee of Rawson Commercial, installment sale agreement provide a viable solution to sellers who, because they are in financial difficulties, or for other reasons, enable them to dispose of a property that might otherwise not find a buyer in today’s market.