I have an IP in Launceston and may have an opportunity to purchase the two houses next to it. The returns are not too bad here yield wise, but it would be for the future development potential that I would buy the two houses.
I haven’t done any developments before so before buying would like to find out some more information. Like council approvals, building costs etc.
Does anyone have any contacts there I could use to ask a few questions?
Thanks,
Thomasp
Make sure you know what Council yu are in. There is the Launceston and then there is the West Tamar council.
Next check for any covenants, easements or ‘restriction on user’ on the title.
Next, make an appointment to meet the local development control planner to seek helpful advice on your proposal. Do this BEFORE spending any money on plans. Just pace out the property and structures and roughly mark out on a piece of grid paper. The planner will be able to provide advice on any other contraints of the site before your planned development takes hold in your mind. Be flexible and open to suggestions by planning and engineering staff. They are not blockers, just trying to steer you in the best direction. (although it may not seem like it sometimes!)
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