Seeking help for retail building split titles

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

Join Australia's most dynamic and respected property investment community
Tags:
  1. FXD

    FXD Well-Known Member

    Joined:
    30th Aug, 2018
    Posts:
    290
    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
     
    FXD, 5th Jun, 2019
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,255
    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.
     
    Scott No Mates, 5th Jun, 2019
    #2
    lixas4 likes this.
  3. FXD

    FXD Well-Known Member

    Joined:
    30th Aug, 2018
    Posts:
    290
    Location:
    Melbourne, Victoria
    Ok thanks Scott.
     
    FXD, 7th Jun, 2019
    #3
  4. Property Guts

    Property Guts Well-Known Member

    Joined:
    16th Jun, 2018
    Posts:
    157
    Location:
    Australia
    sell it. family feud will follow you into the strata
     
    Property Guts, 11th Jun, 2019
    #4