Real Estate Investor Magazine South Africa October 2014 | Page 45

STRATEGIES BY MONIQUE TERRAZAS Double Or Triple The Value Of A Commercial Building How to massively increase the value of your property W idely known as one of the most successful commercial investors globally, Dr Dolf de Roos has some very creative ideas for converting ordinary buildings into extraordinary income generators, which he says is the secret of successful commercial property investment. In his books, including “101 Ways to Massively Increase the Value of Your Property”, he shares some truly out-ofthe-box ideas, including how to double or triple the value of a commercial building. Editor’s choice Here’s my favourite: install a mezzanine floor. Why? Because it is a real solution that works in all kinds of buildings across the various commercial property sectors: retail, warehousing and industrial. While a great out-of-the-box idea, it is also simple, practical and cost-efficient. The right mezzanine flooring system allows you to retain the floor space you already have and still double or triple you gross lettable area - the area for which tenants pay rent, and thus the area that produces income for you. It certainly converts an ordinary building into an extraordinary income generator. And when the income generated by the building is increased, so is the value of the building itself. Customised to tenant requirements Ever-more demanding tenants want buildings customised to their specific requirements and mezzanine floors are the ideal solution for retaining existing tenants with changing needs, attracting new tenants with custom requirements or giving www.reimag.co.za IN PRACTICE • A retail client may need more floor space, or want a separate area for high value or sensitive stock, or even for storage space. • In an industrial building, a mezzanine floor could be customised into office space, placing supervisors much closer to work processes than a separate office building would, or could be used for locate heavy or bulky production equipment, or for storing bulk goods. • In a warehouse, a mezzanine can be used to add extensive space for piece picking, kitting, assembly, or other labourintensive tasks that don’t require much clear height. • In almost any commercial building, a mezzanine floor can be customised to the tenant’s exact requirements, whether it’s moving some value-added services up to a mezzanine, using the extra floor space for storage, or even using a mezzanine to locate heavy or bulky equipment overhead, giving them more working space down below. your building a competitive edge over other similar properties. A mezzanine flooring system can also be designed to be extended in future, and can be disassembled and relocated if required. Cost-efficient Compared to the costs of building a new commercial property, extending the existing building or acquiring a bigger building, a mezzanine floor is an exceptionally cost-efficient means of doubling or tripling space. And, certainly for a landlord facing a vacancy in a tough market because a tenant needs more space, a mezzanine floor can represent a very viable investment. Get professionals to do it To ensure you make a sound investment, get independent expert assistance. An objective expert with years of experience in the industry will design your mezzanine flooring system based on only two things: your exact requirements and years of expertise in optimising space. An independent expert will also plan implementation meticulously for minimal interruption to your operations, obtain quotations from leading suppliers known for quality systems and manage the project to completion for hassle-free implementation. Get a complimentary Mezzanine Flooring Systems Buyer’s Guide on www.mezzanineflooringsystems. co.za for excellent advice on how to double or triple the value of your commercial building with the right mezzanine flooring system. RESOURCES Mezzanine Flooring Systems October 2014 SA Real Estate Investor 45