Shalan Properties has a comprehensive stock of over 1000 industrial properties available to rent in the greater Gauteng area.
Properties range from mini units (100-1000m2) to the large industrial facilities of 10000m2 and greater. Shalan Properties will be able to provide the following service to our prospective tenant:
Depending on the nature of the enquiry we would first try to ascertain why the prospective tenant needs to re-locate as we would like to be part of the solution to the problem experienced by the business. With our market intelligence we can advise as to whether the business is paying market related rental for that type of premises in that particular area. If it is decided that it is necessary to re-locate the following steps are undertaken:
The tenant usually has 7 days to draw up a ‘snag list’ to list all the items and services that may not be operating correctly. This list is sent to the landlord for action.
We at Shalan Properties are well equipped to partner the Seller in assisting in the marketing of the Seller’s property. The main challenge is to arrive at a fair price and to do this the Seller can obtain the professional services of a qualified Valuer and we can assist with that or we can provide a good ‘Indication of Value’ based on our market intelligence and using the latest proptech we would normally proceed in the following manner:
Once the property has been registered at the Deeds office and the funds are paid to the Conveyancer, the sale commission is paid by the Conveyancer.
In some cases a tenant may prefer not to re-locate but are not sure or is not happy with the rental or other issue they may have with the landlord and Shalan Properties can assist in this regard by representing the tenant in engaging with the landlord to negotiate a more market related rental or obtaining a tenant installation allowance to re-furbish the tenant’s offices etc.
This is often a difficult balancing act as it can well be landlords that Shalan Properties has to try to retain a good relationship going forward but at the same time the tenant is actually our client in this case who will be paying an agreed fee for the service. Shalan Properties has a good relationship with the landlords built up over the 24 years that we have been in the business so we are confident that we can arrive at a win-win solution.
The services we can provide include the following:
We at Shalan Properties are also able to help our major clients being Owners and Landlords the following services.
Shalan Properties has extensive experience in facilitating new developments over the past 24 years.
We would first undertake an extensive survey of the most suitable sites depending on the required location and do a due diligence to ascertain the following:
Over the 24 years we have been in the business Shalan Properties has an extensive database of property stock and investors and is able to provide a source of suitable properties to investors and sellers who may be looking to unlock the value of their properties and will either look to lease back their properties (Sale and Leaseback) or investors looking to build a property portfolio.
Sale and Leaseback
A sale and leaseback is an agreement where a seller leases back the property from the purchaser. In a leaseback arrangement, the details of the arrangement, such as the lease payments and lease duration, are made immediately after the sale of the asset. Essentially, the seller of the property becomes the lessee and the purchaser becomes the lessor.
How Leasebacks Work
Most often, a company needs capital to grow. Companies acquire capital by either debt or equity financing or both. Debt must be paid back and goes on the company balance sheet as a debt. Equity does not need to be paid back, but it comes at the cost of ownership. A leaseback allows this to happen.
Leaseback deals can also provide the seller with additional tax deductions. The lessor benefits in that it receives a guaranteed lease with stable payments for a specified period of time.
Shalan Properties would assist in ascertaining a market related lease rental for the type of property and the area it is located in and determine a sale price that provides an attractive yield for a prospective investor.
A sale agreement and lease agreement would then be drawn up and negotiated between the two parties.