If one buys a vacant blocks development site with plans & permits already approved, is there anything else, or any other costs involved before having the ability to sell each block off? [confused2]
HappyHomes | HappyHomes
Email MeIt will depend on the terms of the permit or the development approval.
They will more than likely require contributions to be paid to the Council such as Parks and Recreation etc and will probably require lodge of a proper survey plan undertaken by a surveyor.
There may also be provision to provide drainage and sewerage connection prior to the plan being sealed.
Then you will have Title costs for the separation of title and legal costs for preparation of the contracts.
In saying all of this we have purchased many blocks and onsold then for development with minimal cost. It all depends on what your DA states.
Richard Taylor
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