Pictured here is John Witter (CEO, Horizon Capital) shaking hands with Stuart Maxwell, one of Horizon Capital’s High Net Worth clients, along with Teresa Cook (Manager of Commercial Property Investment, Horizon Capital), outside the newest addition to Stuart Maxwell’s directly-owned commercial property portfolio; a unit in Buitenkloof Studios.
Buitenkloof Studios is a recently refurbished, A-grade sectional title block, situated at the popular four-way intersection of Kloof, Buitensingel, Long and Orange Streets in Gardens. The building offers stunning views of the CBD and Table Mountain, easy access to the N1 and N2, full-time security and modern finishes throughout.
The unit is currently leased for 3 years, with a 2 year renewal option, at good rentals and 10% annual escalation. By purchasing a tenanted unit, the upfront costs of letting commission and tenant installation, and the risk of not letting the unit in good time, were eliminated. In addition, A-grade office space of this nature with close proximity to Cape Town CBD should attract excellent rental and capital growth in the coming years.
Horizon Capital’s objective is the long term creation of wealth for its clients through an opportunistic and value-based approach to the acquisition and management of commercial property. Should you be interested in investing in commercial property in Cape Town, contact John Witter on 021 425 8586.
