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Strata divide my unit block?

Discussion in 'Development' started by hudbry, 19th Dec, 2015.

  1. hudbry

    hudbry Active Member

    Joined:
    23rd Aug, 2015
    Posts:
    42
    Location:
    nsw
    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.
     
  2. House

    House Well-Known Member Premium Member

    Joined:
    13th Sep, 2015
    Posts:
    767
    Location:
    Sydney
    hudbry likes this.
  3. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    Cheese n rice, just a few.
    Who was that?
     
  4. House

    House Well-Known Member Premium Member

    Joined:
    13th Sep, 2015
    Posts:
    767
    Location:
    Sydney
  5. hudbry

    hudbry Active Member

    Joined:
    23rd Aug, 2015
    Posts:
    42
    Location:
    nsw
    Thanks for that.
    Appreciate the contact.
    Regards.
     
  6. hudbry

    hudbry Active Member

    Joined:
    23rd Aug, 2015
    Posts:
    42
    Location:
    nsw
    Has anyone else got any thoughts from their personal experience?
    Thanks.