Gday All,
Just a short note regarding a site I am currently looking at, has anybody purchased a property in Melbourne that contains an electrical station on the land.
It is built of brick and about reasonable in size….. generally located within older eastern suburbs and I presume they house a “local hub” for that residential area????
Anyway my concern is what would the lender position be??? reduced LVR etc… and also whether local councils or power authorities plan to remove the “out houses” in time and replace with underground systems???
Any thoughts or experiences would be appreciated to assist in my assessment of the property
Cheers,
Brian [thumbsupanim]
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