The Advantages of a Mixed-Use Development
Category Development News
Umhlanga's Live-ability continues to draw young professionals and families, most seeking a better work-life-play balance. Urban living has been reinvented with the growth of mixed-use developments.
A 'mixed-use' precinct is an area that has a variety of uses. It may contain housing, commercial and retail services and facilities. The core appeal of mixed-use precincts is that they provide a solution for the growing number of people seeking to live and work within proximity. These precincts are characterised by safety and security, design, convenience, connectivity and walkability.
Living and working in mixed-use developments, provides an urban style of living that can have a significant impact on the way we live our lives, as it provides a convenient and comfortable lifestyle
Investment opportunities
These precincts offer a variety of opportunities for residents, going beyond just a convenient lifestyle. An exceptional investment opportunity can be found for those wanting to begin their journey in the property market. With residential spaces that most often range from small apartments to bigger penthouses, investing in a mixed-use development can pay off quite quickly for an enthusiastic property investor. As most of these developments have facilities on offer including, serviced accommodation, convenient amenities, or are situated in appealing urban spaces, the demand for renting a property is relatively high.
A plethora of mixed-use developments are breaking ground across the northern regions of Durban, such as the Sibaya Precinct, The Pearls of Umhlanga and more.
Prime Property has the opportunity of offering established properties and off-plan developments in some of the best mixed-use developments in the area.
Author: Prime Property Marketing
