Recent Projects

101 Main Road

Retail, Somerset West

101-main-road

Overview
101 Main Road represented a strategic investment opportunity to unlock value for our client by extending and reconfiguring the existing property to provide an additional 150m2 of space for the Nameless Pub to secure its long term tenancy. The strategy involved extending the existing premises and relocating a second tenant into reconfigured space. The result was improved trading space for all tenants, marked improvement in tenants’ business performance and an impressive 14.5% return on investment for our client in year one.

Granite’s asset management expertise was sourced to conceptualise the proposed development and oversee delivery of the project. Granite also provides property management, leasing and corporate accounting services for the client.

Key Features

Development Cost: R2.5m
ROI: 14.5%
NLA: 1,650m2
Occupancy: 100%
Strategy: Extension and reconfiguration to unlock value and secure long term tenancy.

Granite Roles

  • Property Management
  • Project Management
  • Corporate Accounting, Secretarial Services and Treasury
  • Strategic Asset Services