Industrial Estates
The LNDC provides the following real estate services to assist manufacturing and commercial enterprises:
- Fully serviced industrial plots
- General purpose build factories
- Customised factory buildings
- Development of commercial properties for leasing
The LNDC administers six fully serviced industrial estates where sites and factory buildings are available for rental. The estates are in Maseru as well as outside Maseru. All estates outside Maseru are within a radius of 85km.
All Estates are reached by tarred road. They all have access to a rail link. The buildings are fully serviced with electricity, telephone, water and sewerage.
· Lease Terms
The land tenure system in Lesotho does not provide for land being bought or sold. Investors may sublease, on a long term basis, industrial sites to erect a building, rent a custom made building constructed by the LNDC, or purchase an existing factory building.
Investors who choose to construct their own factory shells will be compensated with additional incentives in recognition of their demonstration of investor confidence.
· Government Levies
- Ground rent: a marginal levy is payable annually to the Lesotho Government for the use of land.
- Property rates: where relevant, a levy is charged annually on the total capital value of land and premises. This amount is payable to Maseru City Council.
