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.

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