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good info, will add a condition on the lease, thanks for the reply
its an Industry 2 zoning GCCC, so non residential. It is a full 3 bed house that has been there for 1000 years before the estate was industrial i imagine.
the tilt panel building is has been built 20 years after the house at least and it all on the same title (no strata).
the lease at purchase was a Commercial Tenancy Agreement with no reference to residential or break up of rent.
My concern is if someone "resides" on site does or can RTA requirements apply as they haven't in the past. i can choose to put my head in the sand and take the risk or proportion the bond and rent residentially if i have to??
Does anybody have a commercial property in QLD with a residence on it??
Any news on the next Gold Coast one Matt??
How do I get a copy of your call option contract. Not that I will be needing it just yet.
I know Christmas has already passed. Happy to work something out. Cheers.
Richard – Already registered for the prop know how club so should catch up with nigel at some point. Cheers.
hijack away grimnar … Good question also.
terryw – might have to chase you for more info on that new product but ideally I am trying to figure out how I can be involved in a development with a SMSF in some form.
Have another question to add to the scenario –
Can I invest along side my SMSF personally (or even via another entity) in a unit trust or company "investing" in a development which I, in total own less than 50%? And no other related parties or family are involved?
Mate that article for someone like me (learning) is concise, easy to digest and straight to the point. Thank you
Impressive thank you. Bookmarked for future reference.
Sounds like there is going to a massive change in densities in the Brisbane LGA.
Do you think that could put downward pressure on development site prices with the increased supply??
also happy to be corrected but the last time i built something (residential and commercial) the insurance was covered by the builder until hand over. that was in QLD
thank you for your replies, very interesting.
So apart from most likely paying for some advice (sounds like i need a new accountant) i have to find find an opportunity that i believe will outweigh the difference between setup and compliance costs and that of my retail fund.
Any suggestions for local reputable developers in SEQ ( i am on the Gold Coast) that may be consider such a deal and require some cash to get a project over the line??
thanks Shahin and yes good kickstart,
i wasnt planning on buying something in SMSF myself unless that is my only option. i was hoping that i can find a "developer" and invest with them via an appropriate structure.
if i could borrow great but was thinking of just throwing the cash in a small project somehow, preferably in SEQ, as i would rather have some fun with it then leave it in main stream managed funds/shares/REITs.
looking for suggestions to do something with this money in a "speculative" calculated way?
