DEVELOPMENT FOR SALE IN SWELLENDAM IN SOUTH AFRICA

About Swellengate: Swellengate entails a Commercial Development for the Southern Cape town of Swellendam. It provides for a diversity of commercial uses including a regional shopping centre and a business park for the typical activities that surrounds such a centre. The shopping Centre will have PicknPay as its main food anchor and tenant negotiations are underway for the various Line Shops. The aim will be to create a Mall that will save the locals the trouble of having to drive to other towns to shop, draw trade from the surrounding towns and areas to Swellendam and attract substantial trade from the 5 million cars per year that passes this busy intersection of the R60 and the N2. By adding some 62 000sqm of trading space on 24 individual commercial erven the total Swellengate Business Park aims to cater for the large shortfall in local business premises. The earmarked spectrum of businesses include; a 24 hour Service Station with Convenience Store, Drive Through Food Outlets, such as KFC and McDonalds, Motor City Traders, such as Tiger Wheel and Tyre and various Motor Spares and Service companies, Motor Dealers, Restaurants, Banks, Builders Merchants such as Build It, CTM and Builders Warehouse, a Hotel, a Medical Centre/ Hospital, Lifestyle Businesses such as a Garden Centre, Furniture City and Outdoor Warehouse, Factory Shops and Storage Companies. Commercial buildings are zoned to allow for offices and or residential apartments on the second floor so that the shortage of office space and residential units can also be addressed. Fernridge Market Research finds that just on retail space alone the town has a backlog of more than 50 000 sqm of space which means that new development is urgently required to boost the local economy, to create jobs, increase municipal income and invite business and consumers to the town. Project Planning started with the acquisition of the land in 2005. The Swellengate Project provides an investment opportunity to acquire the complete 12ha Business Park and Shopping Centre opportunity with a total GLA of 62 000m for R36m. See "YIELD BUSINESS PARK." The development comprises of a shopping centre anchored by a corporate Pick n Pay on a 30 year lease with a phase 1 extent of of 12,000m as well as 23 additional adjoining business erven to provide for expansion of the shopping centre as well as for the typical standalone units that surrounds a regional shopping centre. The aim is to create a Business Park that will save the locals the trouble of having to drive to other towns like Worcester, Mossel Bay and Somerset West to shop, to draw trade from the surrounding towns and areas to Swellendam and attract substantial trade from the 5 million cars per year that passes this busy intersection of the R60 and the N2. The earmarked spectrum of businesses include: a 24 hour service station with a convenience store, drive through food outlets, such as KFC and McDonalds, motor dealers, motor city traders, such as Tiger Wheel and Tyre and various motor spares and service companies, building trade companies such as Build It, CTM and Builders Warehouse, a storage company, factory shops, hospital and a gym. Fernridge Market Research finds that for Swellendam and its catchment areas the demand for on retail space alone exceeds the current available supply by more than 50 000m before taking the potential trade of 5 million cars a year passing this site into consideration. The Business Park zoning allows for a mixed use development addressing a spectrum of demands in the town, including a shortage of both business and light industry premises and the site layout and design as well as architectural and landscaping guidelines allows for the creation of retail precinct with activities working in synergy. The development will provide a much needed economic boost for the region, create jobs, increase municipal income and invite business and consumers to the town. Project Planning started with the acquisition of the land in 2005 and at present all Provincial and Municipal consolidation, subdivision and rezoning approvals are in place. Tenanting negotiations for the shopping centre is well advanced, services are available and construction can commence. Internal Agency Ref No:ZZ00005546 Property Reference #: 13237177 Agent Details: Ursela Ströh Inyameko Properties 8 Stonehill, 28 Serissa Avenue, Roodekrans Sandton www.inyamekoproperties.co.za