Exciting Growth Area for commercial property

By: Goldland  11-11-2011

Newton Park

Probably PE’s fastest growing and most sought-after business hub, having attracted numerous high profile companies and investors in the last few years. With the exception of industry and manufacturing, Newton Park is home to the full spectrum of business, including banks, motor trade, shops, warehouses, offices and residential units.

Zoning
This area was originally mainly residential, but gained popularity rapidly after structure plans were put into place for business zoning. Much of Newton Park north of Cape Road up to Burt Drive has been or can now be rezoned to Business 1, which includes retail, warehousing, offices, garages, and residential. There is also an extensive Business 3 structure plan area permitting offices or residential. In this respect Goldland Real Estate can provide you with information and guidance on the choice of property for your exact needs.Favourable prices
By virtue if the recent residential nature of the area it is still possible to acquire property at more favourable prices than in the older established business nodes, and as a result a large number of well executed conversions can be seen, including many well known corporate headquartersConvenience
The main thoroughfares through Newton Park benefit from excellent passing traffic, and form convenient links from Cape Road to the industrial areas and freeways. Position
Newton Park’s central location makes for very short trips to all key destinations in PE, thereby reducing travelling costs and saving time. Other locations
With several other viable business areas to consider, Port Elizabeth has much to offer investors and corporate clients seeking new premises, whether offices, shops, warehousing, factory space, vacant land, or property to develop for specific requirements.