future estate - company profile

BACKGROUND

FUTURESTATE PTY LTD, currently trading as Future Estate was established in 2016 with the sole purpose of driving Real Estate Investments, Sales, and Advisory services and offer efficient and value added Property management services.

The company is now a multi-faceted “property practice” in passionately by 4 partners with experienced support staff. The services provided include Commercial - Residential Sales & Management, Retail leasing, Facilities Management and Developments. Other professional services include Property Valuation and Urban Market studies.

In the long term the plan is to structure a high yielding investment property portfolio with the aim of creating a Property Fund with lucrative returns.

VISION

A leading Property Investment and Management company in South Africa

MISSION

To be a highly profitable organization generating good returns by providing an exceptional and innovative service in;

  • Property Portfolio Management
  • Property Valuation
  • Development Projects
STRATEGY
  • To seek, capitalize and deliver innovative solutions for the client and property investor.
  • To seek and acquire high income generating Fixed Commercial assets.
  • To explore and revitalize low income underdeveloped properties.
  • To execute honest and high standard property Valuations.

SOCIAL RESPONSIBILITY

As a black owned organization we commit ourselves to providing holistic solutions that will address social and economic problems like Unemployment, Skills shortage and a High Illiteracy rate in South Africa.

(Maintenance, 
Letting & Sales)

KEY PERFORMANCE AREAS

Mahube Valley, Mamelodi – 15 Properties (Sectional Title and Full Title)

Savanna City Houses, Vereeniging – 20 Properties (Sectional Title)

Fleurhof Flats, Roodepoort, Johannesburg - 150 Units

ESTATE AGENCY (Residential and Commercial Sales)

RETAIL LEASING & VALUATIONS

PROPERTY MANAGEMENT

FACILITIES MANAGEMENT (Administration & Management)

INVESTMENTS & DEVELOPMENTS (Asset growth & financing)

MAINTENANCE

  • Building inspections and proposal for maintenance costs.
  • General maintenance through contractors.
  • Engagement or discharge of cleaners and / or caretakers.
  • Reading and billing of electrical / water sub meters.

ADMINISTRATION

  • Advertising of vacant premises
  • Credit checks, reference confirmation and screening of tenants.
  • Preparation of lease agreements
  • Collection of deposits and ancillary costs.
  • Monthly rental collection & statements.
  • Reviewing and renewal of leases.
  • Property inspections.
  • Tenant Deposit trust.

PROPERTY MANAGEMENT

We provide a holistic service from marketing of vacant space, advertising, contract administration, rent collection and continuous care & maintenance. Our brother company Glory Group Engineering & Construction, NHBRC and CIDB registered is responsible for all the maintenance andconstruction work.

Below is a breakdown of the services offered:-

  • Legal action on defaulting tenants on behalf of client.
  • On site security at premises.
  • Insurance broking.
  • Sectional Title Body Corporate Management
  • Residential Property Management.
  • Sales of commercial and Industrial properties.

FINANCIAL MANAGEMENT

Florida Townhouses, Dolphin Cove, Roodepoort - 5 Units

  • Monthly rentals and recoveries.
  • Apportionment of Municipal charges and recoveries thereof.
  • Credit control measures.
  • Rent roll and Statements.
  • Income and Expenditure accounts.
  • Electronic payment to client’s bank account.
  • VAT returns.
  • Payment of client accounts.
  • Payment of wages / salaries / levies
  • Monthly report on status of property (optional)

FINANCIAL MANAGEMENT

Tenant Introduction
Contract & Registration (once off)
Property Management fee
Accounting, Tax & V A T
Credit check (once off)
Deeds search (once off)
Market survey report
Property valuation fee
Financial Feasibility study
Demographic study
Property Management
5% of 1st 2 - 3 years of lease
10% of 1st month rental
8 - 10% of Gross rental/month
R600/month or size of portfolio
R600
R600
R450/hr Depend on work scope
SACPV Tariff plus R450/hr
R550/hr Depend on work scope
R550/hrDepends on work scope
Residential
5% of 1st 2 - 3 years of lease
15% of 1st month rental
9 - 12% of Gross rental/month
R900/month or size of portfolio
R600
R600
R450/hr Depend on work scope
SACPV Tariff plus R450/hr
R550/hr Depend on work scope
R550/hrdepends on work scope
Commercial

Value Added Services:

SCHEDULE OF FEES

DATA MANAGEMENT

  • Electronic access to all financial information.
  • Advice on market trends, rental and economic indicators.
  • Revival software for property management, accounting and reporting.

OPERATIONAL STRUCTURE & ORGANOGRAM

Member of the National Association of Managing Agents (NAMA)
Member of the Estate Agents and Affairs Board ( EAAB )
Member of the Institute of Estate Agents Proffession( IEASA )
Member of South African Council of Property ValuersProffession( SACPVP )
Member of the South African Institute of Valuers( SAIV )
Member of NAFCOC Construction .
Member of South African Institute of Black Property Practitioners ( SAIBPP )
REGISTRATION & ACCREDITATIOIN VALUATIONS,MODELING &FEASIBILITY STUDIESPROPERTY SALES,MANAGEMENT &RETAIL LEASINGMARKETING &DEMOGRAPHICSFACILITIESMANAGEMENTCONSTRUCTION &DEVELOPMENTSDIVERSIFIED GROUP

PROPERTY SALES &MANAGEMENTPROFESSIONALSERVICESINVESTMENTS &DEVELOPMENTS

FUTURE ESTATE

The operating team in Future Estate consists of 4 partners: Commercial / Residential property Consultant Administrator , (Development both Residential and Commercial)

  • Commercial property sales and administration
  • Retail leasing and Brokerage
  • Finance structuring
  • Retail development and Tenant administration
  • Property valuations
  • Property Sales and administration
  • Marketing and Listings
  • Client Liaisons
  • Residential sales administrator
  • Marketing and Listings
  • Maintenance supervisor and daily operations
  • Construction projects manager
  • Account keeping and administration
  • Rent roll management
  • Financial administration

CAPACITY

Our company is fully registered with the Estate Agency Affairs Board. All trust accounts are opened in terms of section 32(1) of the Estate Agency Affairs Act, 112/1976 Rainy Hill, Randburg Rand President, Randburg

Offices

Florida Square

Shop 12 Florida Arcade, Opposite Florida Square Pharmacy

Tel: 011 057 8744
Fax: 086 573 0066

Mobile (Manager) -  078 655 7746

P.O.Box 12

Florida Arcade
Roodepoort
1709

Info.futurestate@gmail.com

info@future.org.za

sales@future.org.za

admin@future.org.za


Johannesburg South

Shop 1&2 Xara Plaza, CNR Columbine & Frandaph Avenue Mondeor

Tel: 011 071 2138 

Mobile (Manager) - 084 227 9808 

Info.futurestate@gmail.com

info@future.org.za

sales@future.org.za

admin@future.org.za


Randburg

Shop No. 8 Cosmo Junction Centre 207 CNR South Africa/Tennesee Drive Cosmo City

Tel:  011 071 2150

Mobile (Manager) - 081 026 7808

Info.futurestate@gmail.com

info@future.org.za

sales@future.org.za

admin@future.org.za


BUSINESS REGISTRATION DETAILS

CC Registration: 2017/044023/07
Income TAX: 9727792161

REGISTRATION & ACCREDITATION

CIDB
NHBRC
TM
E C S A