Why the Auction platform finds great support in Chatsworth

Chatsworth is a predominantly residential suburb in the south of Durban and commercial property is high in demand due to lack of availability. The area is categorized by a makeup of residential type buildings and was founded in the late 1960s. Residential development has led to an increased demand for infrastructure for retail, commercial home services and schools. The Chatsworth area prides itself for its academic achievements and boasts one of the highest matric pass rates in the country and regularly has some of the top performing pupils. This situation of well-educated entrepreneurial minds, high demand and limited availability is what leads to the areas sought after status.

Why the Auction platform finds great support in Chatsworth

In2Assets property specialists are enthralled to present two unique property opportunities in the Chatsworth precinct as part of their upcoming commercial property auction. The properties hold huge interest for the local community as the area seems to be a preferred hunting ground for commercial property buyers.

Chatsworth is a predominantly residential suburb in the south of Durban and commercial property is high in demand due to lack of availability. The area is categorized by a makeup of residential type buildings and was founded in the late 1960s. Residential development has led to an increased demand for infrastructure for retail, commercial home services and schools. The Chatsworth area prides itself for its academic achievements and boasts one of the highest matric pass rates in the country and regularly has some of the top performing pupils. This situation of well-educated entrepreneurial minds, high demand and limited availability is what leads to the areas sought after status.

The recent sale of a petrol station in Havenside which is a suburb of Chatsworth, via the In2assets monthly auction event, has sparked interest with both buyers and sellers in the area and led to increased interest in the property auction sector. “My experience is that the Auction platform works well for property sales in areas such as Chatsworth due to the high levels of interest shown both by individuals and the community which creates true value by demand. These are the thoughts of Chris Cullen, a business development assistant currently marketing a retail unit in Havenside. Many examples of his thoughts are replicated throughout the history of property sales in the area. In fact, the first property sold by In2assets was located in the very same Centre, 3 units down from the one currently being marketed by Chris from In2assets.  Another property in the area will be sold on the same day in January. The property is located in Montford, another suburbs of Chatsworth. This cluster of retail shops falls within “Montford Center” and offers unrivalled investment potential.

Both properties will be going under the hammer on the 28th of January 2016 at the Durban country club. Proceedings will start at 11:00 with registration starting from 10:30. For more information please contact Chris Cullen on 0714711819 or ccullen@in2assets.com 

Posted by In2Assets