Situated on the main N2 highway access road to Jeffrey’s Bay, is the exciting Fountains Industrial Estate, just opposite Fountains Mall. Available for sale now is 11 stands in phase 1 of the total project. The total project includes 76, light industrial-zoned and approved stands which can accommodate manufacturing, warehousing, storage, workshops, retail and some residential. The impact of regional malls in an area is to bring commercial growth and appreciation of adjacent property values, from which Fountains Industrial Park will most certainly benefit. Critically, Fountains Estate’s roads, verges and parks will be maintained by a team controlled by the Fountains Industrial Estate Property Owners Association which means that the value of owners’ investments is protected and maintained.
In terms of timelines, the Services Agreement for the development has been finalized and submitted to the Kouga Local Municipality on 30 November. Approval is expected by end of March, which will allow installation of the physical services to commence. This is expected to be completed by the end of July, at which stage owners will be able to start building. In preparation for the services installation, the developers will commence site preparations in December, including the creation of interim roads. The stands have been surveyed and pegged and stand markers are being prepared.
Strand sizes vary from 3423m² to 5173m² and prices, (Ex VAT), start from R2285000.
• Gateway to the booming new Garden Route economy • Virtually on the N2 Garden Route freeway • Adjacent to the Fountains Regional Shopping Centre. • Close to Fountains Business Park and other commercial and motor city developments. • Surrounded by massive wind power generating developments
Jeffrey’s Bay in the Eastern Cape– fondly known as “J-Bay” to locals – derives its name from one of the senior partners of a pioneering firm in the area called “Jeffrey & Glendinnings”, which opened its doors back in 1849.
The former ‘hippie hangout’ and small fishing community has since evolved to become a rapidly expanding urban area, to add to its...
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Please note: Most banks charge an administration and initiation fee. Disclaimer: These calculations are only a guide. Please ask your conveyancer for exact calculations.
