Baker Street Properties has announced the launch of an exciting new mixed-use business park called The Epic, located in Berkley Road, N’dabeni close to the M5 and bordering Pinelands.

Andy Beddow, director of Baker Street Properties, is extremely enthusiastic about the new development, saying, “Even prior to the official launch there has been enormous interest in this R160 million, 2 hectare development, because of the site’s convenient location, the affordable sectional title unit prices and the spectacular views of Table Mountain and the City.

“New commercial and industrial developments in Cape Town’s original industrial areas such as N’dabeni and Maitland are few and far between. The Epic is a rare opportunity to meet the demand of owner-occupiers and investors looking for small business space that is available to purchase.

Beddow adds, “The Epic comprises commercial studios and lofts, retail units along Berkley Road and a limited number of hi-tech industrial units, totalling almost 20,000 m² of sellable area in modular sizes of 180 m² upwards.

“All units are for sale on sectional title, varying from R5,750/m² to R8,200/m²(VAT excl.) These selling rates are competitive when one considers that actual transfer is only expected in the last quarter of 2007, when completion of the units is anticipated. Demolition of the landmark old Epic Oil margarine factory is due to begin during June/July this year, followed by the construction phase in August. Purchasers need to pay a 10% deposit now in order to secure their unit.”

Some of the many features which make The Epic so sought after include:
• the site is situated in Berkley Road, just off the M5, with easy access to both the N1 and N2. During off-peak traffic it is only 8 minutes to the Cape Town CBD and 10 minutes to Cape Town International Airport.

• The Epic borders Maitland railway station, providing an ideal mode of transport for staff travelling from both the northern and southern suburbs.
• the site, which currently houses a derelict and partly demolished margarine factory, is an eyesore for residents of the area. They will be pleased to have a modern upmarket business park in its place, almost certainly adding value to all properties in the area.
• by building up several levels, the panoramic vistas of Table Mountain and the City will be maximised.
• the entire site will have a raised concrete deck, on which the commercial and hi-tech units will be built.
• negotiations have already begun with several national businesses which are having their units custom-designed
• the under-cover parking will be located at ground level behind the retail component.
• parking will be generously allocated at 3 bays per 100m² and will be charged for in addition to the selling rates. Should users require a higher ratio of parking, this ca be accommodated as there is a surplus of bays available.
• In addition to parking allocated to the units there will be approximately 113 visitors bays.
• lifts are planned for strategic locations within the site to access the parking level from the commercial suites.
• a coffee shop/restaurant will be located on a prominent corner of the complex to service the users of the park as well as neighbouring residents.
• The Epic will have access control, surveillance cameras and 24 hour on site security.

Beddow concludes, “Principal developers are the highly respected Property Partners, with the design of this attractive, modern business park being done by the renowned architects dhk.

“Demand for this mixed-use hub has grown rapidly with the development of the old Kodak premises into the popular M5 Business Park and the well established Freeway Business Park on the opposite side of Berkley Road.

“For any business the central location of this site to all major nodes of Cape Town is almost unique, because of the scarcity of available land so close to the City. It is extraordinary how much

interest has been generated in this development simply by having a signboard up on the site for the past couple of months, while the scheme was being designed. Enough interest in fact to sell off 70% of the scheme immediately. By the time that this goes to press, we should have a substantial number of pre-sales and expect to be sold out in 6 weeks.”

Marketing brochures with all the relevant documentation will be available in pack form from Baker Street’s offices.

For further information contact Andy Beddow at Baker Street Properties, who are the sole mandated brokers for this scheme, on 083 228 0142 or 021-419-9000 or visit the website:  www.baker-street.co.za.

ends

Issued by:  Fraser 4 Public Relations
Contact:  Donald Fraser Bett (021) 531-3789 or 083 270 7393
On behalf of:  Baker Street Properties
Contact:  Andy Beddow (021) 419-9000 or 083 228 0142