Search Property For Sale

Glenwood: Opportunities for development

Google+ Pinterest LinkedIn Tumblr +

Market supply; established neighbourhood; proximity to national road infrastructure and mixed-use area with flats above retail space

Market supply

There is a growing supply of properties coming to the market that can be acquired for redevelopment and conversion or knocked down to create new housing and/or commercial space.

Established neighbourhood

An established neighbourhood implies long-standing consumers and tenancies. Its proximity to the University of KwaZulu-Natal Durban campus is a drawcard for its residential market.

Proximity to national road infrastructure

The area is within easy reach of the traditional Durban central business district and renowned beaches, as well as being accessible to the growing commercial node in Umhlanga.

Mixed-use area with flats above retail space

Having developed originally as a traditional residential area with local convenience stores, Glenwood has a host of mixed-use buildings. These include strip mall-type arrangements with smaller retail outlets on street level and residential accommodation on the upper floors above. As redevelopment happens in the neighbourhood there is a growing shift for more commercial ventures.


About Author