Estcourt’s economy set to boom

2008-02-05 00:00

A R100-million property development being launched this month is merely one of a number of exciting plans for Estcourt’s promising economy, which is positioning itself as an attractive investment destination for property, tourism and retail developments.

The retirement development, known as Garden Estates, will boast 80 units in its first phase, according to well-known local real-estate agent Roy Emanuel of Homenet Emanuel, who is marketing the development.

In addition, an upmarket fully-equipped private medical facility will be built within the development.

Emanuel told The Witness that the medical facility will house eight beds, with 24-hour nursing.

The town is already home to the recently launched Wyndways on Willowford lifestyle property development, for active retirees.

Emanuel said a site at the entrance of the town, opposite the well-known Eskort Bacon Factory, is the proposed venue for the 7 000 square metre (under roof) shopping centre. Emanuel believes that this centre will have the potential to attract national tenants.

Estcourt Chamber of Commerce and Industry (ECCI) President, Willie Lotter, believes that "Estcourt is a worthwhile place to invest.

"The town’s location within the province, given its accessibility to Gauteng, the Drakensberg and Durban makes it attractive."

He argued that essential services are also well priced in comparison to other areas.

Emanuel noted that house and farm prices have shown healthy growth over the past 18 months.

"Another exciting proposed development, which has been on the cards for some time, is the Gongolo Wildlife Reserve, a 40 000 hectare reserve featuring a golf course and a hotel," said Emanuel.

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.

Inside News24

 
/News

Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.