Brocor Property Group: Why student accommodation?
Brocor Property Group is a company specialising in student accommodation as property investment vehicles. Brocor was established in 2008, mainly as an auctioneering company. After restructuring in 2015, Brocor became a full-fledged real estate company covering all the fields of the property industry. Brocor invested in employing knowledgeable people like qualified project managers, accountants, and property brokers. Brocor has perfected the art of selling investment property with its self-created investment calculating program. This program covers all the spectrums of how, when, where, and for how much to invest in property to assure the best return possible.
Brocor offers the full value chain to our investment buyers. This includes selling the property, renting and managing of the property as well as maintenance. Each tenant gets screened by doing a full credit check before signing the lease agreement. A quarterly inspection is done to ensure that the property is looked after. Brocor strives to make the investment process as pleasant as possible.
Brocor is powered by two directors and shareholders. Mr A.J. Du Plessis, current CEO and shareholder of Brocor Property Group, is equipped with qualifications in Project Management, Business Management, and an NQF5 qualification in real estate. Brocor’s CFO, Mr Ferdi Coetzee, boasts with a BCom Accountant degree, is registered with SAIPA (South African Institute for Professional Accountants), and is also equipped with an NQF5 qualification in real estate.
The student market in Potchefstroom is a very stable market when considering buy to rent. With this being said, not all student apartments can be seen as a good or safe investment. Various factors should be taken into consideration like area, market, values, market-related rental incomes, and the possibility for property growth. An experienced property company will be able to supply the potential buyer with concrete proof and advice on all abovementioned factors. These factors can’t be handled one by one but must make sense all together. For instance, the rental income might be low for the first year but has a very strong possibility of property growth.
Potchefstroom is blessed with all the amenities one can think of but still has that friendly, small-town feeling. Known for its stunning oak trees that line the streets, it has quaint boutiques, a creative flair, and a vibrant student life. With students coming from all over the country, as well as international students, different cultures, flavours, and cuisines can be found and it creates an interesting atmosphere and vibe. The Potchefstroom campus started on 1January 2004 with 25 000 students, and today it boasts with approximately 68 792 students. At the end of October, the university has already received 100 000 applications for 2020. The university offers eight faculties.
Taking all these favourable factors into consideration, it is safe to say that Potchefstroom has proven over the years to be the ultimate investment destination.