Seeking help for retail building split titles

Discussion in 'Commercial Property' started by FXD, 5th Jun, 2019.

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  1. FXD

    FXD Well-Known Member

    Joined:
    30th Aug, 2018
    Posts:
    185
    Location:
    Melbourne, Victoria
    Hi experts,

    Currently co-own a 3-storey retail building in Greensborough, Vic with family members and wanting to
    split up the title into 3 or more separate titles, due to some family feud situation.

    Do I need to go to a building surveyor specialising in commercial property for such exercise? At the
    minimum want to be able to assess the feasibility of it.

    Thanks,
    FXD
     
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    16,593
    Location:
    Sydney or NSW or Australia
    I'd suggest a chat with @lixas4 for starters. It will require a DA for the subdivision as well as possible BCA upgrades for compliance. You'll require a strata plan identifying common areas, designated parking and each 'unit', possibly also easements for services. A solicitor may also be required to consider any matters which cannot be prepared by the surveyor.
     
    lixas4 likes this.
  3. FXD

    FXD Well-Known Member

    Joined:
    30th Aug, 2018
    Posts:
    185
    Location:
    Melbourne, Victoria
    Ok thanks Scott.
     
  4. Property Guts

    Property Guts Well-Known Member

    Joined:
    16th Jun, 2018
    Posts:
    80
    Location:
    Australia
    sell it. family feud will follow you into the strata