Hi there, Last year, to diversify, I bought a property in regional NSW with a focus on good rental return and cash flow. - It's one block with 4 units. 2 one bedders and 2 two bedders. - It is not currently strata divided. - according to council the block is able to be strata divided. I'm thinking about strata dividing the block to add value to it with the aim of getting more leverage for future borrowing, but I don't know the cost, the process or the time involved in doing so. - who do I need to get involved? Surveyor? Architect? - what are the specific building requirements needed to strata divided (fire walls etc etc...)? - what are the estimated costs involved? I look forward to your thoughts and suggestions. Many thanks in advance.
While you're waiting, here's a good place to start- For everything you need to know about Strata Title in NSW...by Strataman I think one of the brokers on here has strata titled 40+ blocks
