Built Strata to Green title?

Discussion in 'Development' started by Leslie, 22nd Oct, 2019.

Join Australia's most dynamic and respected property investment community
  1. Leslie

    Leslie Well-Known Member

    Joined:
    3rd Sep, 2018
    Posts:
    164
    Location:
    Perth
    Hi
    I have a old house in Cannington which is part of the Built Strata. Developer who created this Strata has left the old house as it is and constructed 4 new houses at the back, then combined everything as part of the Built strata. I bought the old house which is not connected with new houses in anyway and has its own driveway. The house is very old and I am thinking of demolishing and building new house. Land area is 269 SQ.M. May I know how to proceed with this?
    So far, I know that I have get the approval from all the strata property owners and the council, engage a surveyor to redraw the strata plan before I can even demolish the house. Does this mean all the strata owners have to change their mortagage documents as well ($165 for each house?). After reading through the comments in previous posts on the same subject, I think it will be costly excercise and time consuming as well. Is it possible to remove my property from the strata and convert it to green title? Then it may be worthwhile to go through this process. Does any one has done this before? Would be interested to know rough costs involved and the options to develop this land parcel. Thank you in advance.
     
  2. thatbum

    thatbum Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    4,911
    Location:
    Perth, WA
    You probably need to check whether its possible to even convert it to green title. Have you had a chat to council or a planning professional?
     
  3. Leslie

    Leslie Well-Known Member

    Joined:
    3rd Sep, 2018
    Posts:
    164
    Location:
    Perth
    that is one of the question I am asking in this forum? I am sure it is possible with R 80 Zoning for 269 SQM land.
     
  4. thatbum

    thatbum Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    4,911
    Location:
    Perth, WA
    I don't think we can tell without a lot more info. No idea what the size or setup of the rest of the strata scheme is for a start! Best to take it to the professionals, while trying to find out as much info as you can in the meantime.

    Would the rest of the lot owners even support it?
     
    Perthguy and lixas4 like this.
  5. lixas4

    lixas4 Well-Known Member

    Joined:
    24th Jan, 2016
    Posts:
    624
    Location:
    Melbourne
    Not sure what its like in WA, but if your doing this in vic i would suggest speaking to a land surveyor, and working out if you and your neighbours share services and if that will cause you issues in going green
     
    Archaon likes this.
  6. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,768
    Location:
    Perth
    It may be possible or may not be possible. It depends. One consideration is servicing. Can you service both lots with water, sewer and power?

    Off the top of my head you would have to:

    - conditional approval from the WAPC to split the block into 2

    - approval from the local government for a plan for the remaining buildings, either a strata plan or a strara plan of resubdivision. You would need to check thus out

    - comply with conditions of approval including all services

    - dissolve the existing strata (maybe)

    - go to title on the freehold

    - register the strata plan or plan of resubdivision

    It will be expensive
     
    Leslie likes this.
  7. Leslie

    Leslie Well-Known Member

    Joined:
    3rd Sep, 2018
    Posts:
    164
    Location:
    Perth
    Thanks for your detailed reply. This property has its drive way, own water meter straight from the street, own power supply that I may be required to go underground if developing. Sewer is connected to the common pipe along the common drive way on the side. I will have to get seperate sewer connection only.
    Going through the list, to do all this things, would cost me around $10 -15K I think. Now I am not sure if it is worth spending all this money for Green title.
    I will contact the City council and surveyor for additional information. Thank you for all those who replied.
     
    Vicki W and Perthguy like this.

PFA Property Expo is designed in a way that visitors can gather maximum real estate knowledge with added benefits. Different speakers will be presenting on different topics as where to buy, when to buy in this market...