Property value x4 in 10 years

2015-11-17 06:00

David Stoll, chairperson of the Claremont Improvement District Company (CIDC), says he is proud to say that Claremont is a safe, desirable place to live, visit and do business in.

Stoll was speaking at the CIDC’s annual general meeting, where they also celebrated the work they have done over the last 15 years and how it has impacted and changed the Claremont area since the CIDC was created.

The CIDC was initiated by property owners to preserve and create a clean and well-managed environment that would attract investment for future growth. To show that the CIDC means business the current rateable value of all business and residential property in the area is R5.2bn, up from R1.4bn ten years ago.

“Some properties in our area are now worth more than four times the value they had back in 2000.The number of new developments that are being planned in the area is an indication that we found ourselves in a very desirable area. We are looking forward to more fruitful years ahead,” said Stoll.

“Employers are comfortable with the area, they get value for money, the streets are safe, the pool of available staff is abundant and there are multiple forms of reasonably reliable public transport. I understand that even residential apartments are let quickly and those for sale are snapped up in a week or so,” added Stoll.

Abdul Kerbelker, CIDC executive manager, said they have worked hard on partnership with the City of Cape Town and the provincial government.

“This partnership has the effect of improving the lived experience of all people using the Claremont space. Illustrative of this partnership is the securing of the UCT student stop in Central Street in partnership with the City, property owner and ward councillor Ian Iversen. The CIDC has facilitated the improved lighting and the imminent placing of a security camera linked to the City grid, including the sitting at the bus stop.”

Kerbelker added that in overall they were happy with what they have done over the years.

“In our 15 years of being around we have made a significant improvement. What we have achieved is pretty phenomenal and we will still do more to improve the area and make it safer and worthwhile for everyone who uses this space.”

Some things the CIDC did this year:

. 16 300 bags of waste collected

. 24 drains cleared

. 1687 illegal dumping sites cleared

. 92 potholes fixed

. 2595 works of graffiti removed

. 150 grandparents taken for tea

. Medical assistance given 71 times

.1071 public safety and security incidents solved

. 621 incidents of crime solved

. 332 traffic, parking and accidents incidents attended to

. medical emergency help provided 55 times.

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