Thanks for your response.

There is one title (which is being referred as a Master Title) for the whole block.

I wanted to buy the unit and convert  it to an investment property one year down the road due to its strategic location.

As the units are not strata titled, all units would have to be sold en bloc. I intend to purchase the block, strata titled and sell off x units and keep the remaining. How should the loan / finance be structured.  

Can anyone recommend someone in Melbourne who is an expert in this area.

Thanks for all the advices.

The property is in a block (of 90 units)  and there are > 10 units up for sale at point in time.  There was not one sold during the last one year.  

Numerous agents and hundreds of potential buyers have plied the block. The main setback is the floor layout  which presented the property with the following issues;

– its too small for a two bedroom

– living room is small

– kitchen is small

– insufficient natural light

Is anyone familiar with this site :   http://www.sellyourhomefast.com.au and how does it operates.

I've an agreement (expired) with the current agent which states the marketing fees (approx $1K)  is payable upon the sale of the property.  In this instance, as the property is not sold, will the agent offer a discount on the marketing fees.

Thanks.