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News: March 2011
Property News
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News: March 2011
For over 12 years, Shepherd Real Estate has specialized in Sales, Leasing and the Development of Commercial, Retail & Industrial Properties in Paarl and surrounding areas.The current market conditions in Paarl can be summarized as follows:

Retail

Lady Grey Street:  An upsurge in demand has increased lease rates, currently offered at R 90 - R 150 per m².

Main Road: Retail premises have achieved R 65 - R 90 per m².

Offices

At present there’s a high demand for A-Grade office space, offering good locations, quality finishes, maximum security and 4 – 5 parking bays per 100 m² of letting space.

Premises that fit the specifications listed above are located in Main Road, Southern Paarl, Zomerlust Office Park and Celia Square at Paarl Mall.
Offices in this area lease from R 90 per m² - R 120 per m².
Undercover parking bays, lease from R 350.00 – R 450.00 per parking bay / month.

General leasing rates in the CBD range from R 55 - R 85 per m².
Subject to accessibility, available parking and interior finishes.

Industrial

The average rental cost for industrial premises are R 28,50 per m².

Premises ranging 500 m² - 10 000 m² are currently available from R 25 per m².
Small units ranging 100 m² - 300 m², can be acquired at R 35 per m².

Shepherd Real Estate celebrates being appointed as the Exclusive Sole Agency for the East Bank Industrial Park. An 11,400 m² secured, industrial complex offering available space for sale from R 2 400 per m².

Note that all the cost estimates listed above exclude VAT.
 
 

 
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