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Ground Floor The property may have had at one time the following
shoe shop 1142 sq ft
Pharmacy 1940 sq ft
Juice Bar 250 sq ft
Garden Warehouse 904 sq ft
Garden Warehouse 2 682 sq
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First Floor (inc Veranda) 2096 sq ft
Second Floor 2096 sq ft
Garden Passage 6000 sq ft
Beach Lot (90 x 35 sq ft) 3150 sq ft
The planning approval is for approx. 25,000 sq ft
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Town is part of special development area*
Key features of act: Approved project will be exempt from:
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* Import duties, consumption tax, stamp duty, VAT on construction, renovation
* Capital expenditure deductible at 20% per year
* Charges on reparation of interest and capital for 10 years
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* Land tax on improved value of the land
* Property transfer tax
* Supplement to official Gazette dated 4th November 1996
Special Development Areas Act, 1996 - 21
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Beach access is an asset
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Center of city activity
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