Hello,
Has anyone had any experience / done any research into converting warehouses into residences? Would love to hear stories of people's experiences, or findings on cost and legal matters as well.
Some issues for you to consider: is the conversion of the warehouse into single dwelling or numerous dwellings, zoning (what is permitted – may allow mixed use, commercial only etc), consideration of the loss of 'existing use rights', what is the 'highest and best use', amenity of the area (is it the remnant of an industrial area which is now predominantly residential or just another factory in a line of operational factories).
Something to watch out for is past uses and the likelihood of contamination/suitability for residential use – rehabilitation costs can be quite high if on-site rehabilitation is required compared to removal or encapsulation. (Asbestos/fibro is also classified as contamination – usually found in factory roofs, insulation around heating pipes, switchboards, vinyl flooring etc).
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