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De
Novo Real Estate
Shop G37 Longbeach Mall,
Noordhoek, 7975, Cape Town
Postnet Suite 415, Private Bag X4,
Sun Valley, 7985, South Africa
Tel: +27 21 785 6795
Fax: +27 21 785 4850
Email: enquiries@denovorealestate.com |
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The
real estate market is, and always has been, uncertain;
it is rarely stable and when it moves it often does so
dramatically. The single most important lesson that this
has taught us has been the importance of looking forward
in the valuation process. Buyers do not buy bricks and
mortar; they buy cash flow and they always buy the right
to future cash flow. So every transaction involves a purchaser
taking a view of the future - not only of the market,
but also his own investment strategy and his capacity
to meet obligations, etc. In granting mortgage bonds for
periods ranging up to as much as 20 years into the future,
Banks are also taking a view of the future. So, like it
or not, valuers are dealing with the future and their
work needs to be focused accordingly. The current market
value is really only a starting point - projections, sensitivities,
trends, etc., are far more important. The market is becoming
more sophisticated and there is a need for wider vision
and expanded services from valuers.
We consider Davis Langdon Crosher & James to have
a proven approach to the valuation of income producing
and residential property, and we would particularly emphasize
our extensive experience and previous work for many 'blue
chip' companies and our ongoing commitment to service
quality.
Any queries or enquiries for quotations feel free to contact
Davis Langdon Crosher & James (Pty) Ltd. At: nbw@davislangdon.co.za
or Tell. No. +27 11 642 9911. Contact person Andrew Hood.
Alternatively contact williamkruger@runbox.com.
Or Tell +27 82 497 2844. Contact Person William Kruger.
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PJB
was founded by Paul Blakeley in April 1999. Paul was one
of the first surveyors to both recognise the potential
of capital allowances in investment properties and to
establish and refine a procedure for their maximisation
that satisfied the Inland Revenue. In the late 1970s he
jointly developed the first specialist teams of capital
allowances surveyors and in 1988 co-founded Napier Blakeley
Winter, the first independent firm of capital allowances
consultants. PJB have recently expanded their interest
into South Africa, and have spent the last 12 to 18 months
forging relationships with individuals and companies in
South Africa, to offer a specialised service that is in
it's infancy in South Africa. During this short period
they have managed to secure appointments from a number
of listed and private property investment companies, one
of the countries foremost banks and two of South Africa's
leading Life Assurance companies.
Almost all commercial property owners and investors who
incur capital expenditure on property are entitled to
claim Capital Allowances, but many fail to realise their
full entitlement or even claim at all, ultimately resulting
in a loss of significant tax savings.
Capital Allowances in some form are available in virtually
every property used for business. The most common property
allowances being;
 1.
Wear & Tear/Depreciation Allowances on machinery,
plant, implements, utensils and articles.
2.
Hotel Allowances.
3.
Industrial Building Allowances
4.
"Repairs" deductions.
5.
Urban regeneration allowances (UDZ's)
How the allowances are valued is a complex subject, but
an estimate of their cash value is freely available.
Capital Allowances are triggered by expenditure incurred
on property under the following scenarios;
1.
Purchase of an existing property
2.
Refurbishment of an existing property
3.
New build, alterations and extension.
For
any further details regarding capital allowances, please
feel free to go directly to www.pjb-london.com or contact
William Kruger from De Novo Real Estate on enquiries@denovorealestate.com
or +27 8497 2844, or Fax +27 21 785 4850. Alternatively,
Michael Robinson at mdr@pjb-london.com
and +44 208 416 0077 or +44 7908 227 594.
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