Property Management and Development

 

  

 

Overseeing and administering ECDC’s substantial property portfolio, ECDC’s Property Management Unit strives to provide suitable industrial and commercial premises in the Eastern Cape at affordable rates.

When it is in the interests of the corporation, ECDC will consider selling its property to the investor.

The Property Management Unit offers small to medium enterprises suitable premises at affordable rates through its diverse property portfolio.

Over the years, the unit has provided business premises to the general public, business people and government departments who want to initiate projects.

Much as manufacturing is the most preferred activity, premises have also been allocated for warehousing and general business.

 

SERVICES

While the focus is on small, medium, micro enterprise or labour intensive entities. ECDC offers through the Property Management and Development unit, the following suit of sevices:

  • Facilitate commercial and industrial activity;
  • Assist new investors who may be looking for suitable premises;
  • Facilitate SMME development, particularly in underdeveloped areas.

 

FOOTPRINT

The substantial property portfolio makes ECDC one of the biggest property owners in the province with residential, commercial, manufacturing and warehousing space in:

  • Dimbaza and Fort Jackson (near East London and King William’s Town)
  • Butterworth
  • Mthatha

 

ECDC is currently offloading its stand-alone residential property portfolio and qualifying individuals are encouraged and persuaded to take up this once in a lifetime property ownership opportunity.

It is also facilitating strategic alliances regarding multi-tenanted residential complexes so as to maximise revenue and minimise costs connected to their administration.

Much as manufacturing is the most preferred activity premises have also been allocated for warehousing and general business. In addition, ECDC has a range of industrial and commercial properties in rural towns that are situated in the former Transkei and Ciskei.

It also has vast pockets of vacant land zoned for residential and commercial purposes.

 

COST STRUCTURE

ECDC’s industrial property rates are currently R35.00 per square metre (negotiable) for factory space, depending on the features and conditions of the property, and from R162.00 to R183.00 square metre for commercial premises.

 

PROCEDURE

Applicant approaches ECDC for premises.

After a brief consultation a list of requirements is furnished and upon their submission, the applicant is put on the waiting list.

Once vacant premises become available a selection process from the waiting list is done by the allocations committee and the most viable application is approved.

A lease agreement will be drawn up and signed by the parties. After payment of the initial costs which include the following:

  • Admin and legal fee of R400;
  • Two months rental in advance
  • A key deposit equal to one months rental.

 

One will be able to occupy the premises after ECDC has prepared the building according to the terms of the agreement.

 

 

For more information:

The Property Management and Development Unit Manager

Telephone +27 (0) 43 704 5600

Email: ltsipa@ecdc.co.za