We have a warehouse situated within a residential area(collingwood, melbourne) and would like to develop 1 residential property within it's walls. Is there any advice or legallities that you would like to share with us. Anything would be a great help.
Hello the-brothers
I'm sorry I can't help you with your question but I have some I would like to ask you, if you wouldn't mind.
I assume you have rung the council and asked them?Why are you looking to change a commercial investment into a residential one. Commercial property gives better returns and is usually much less tiresome to hold once you have a tenant.
Are you having trouble renting the property out? Have you been to a good commercial REA for a chat/advice.
Have you looked at upgrading the property or even changing its use to offices for example.From your post I understand that you are looking at converting the wharehouse into 1 residence… as opposed to several "trendy wharehouse appartements" is that right?.
Would be very interested in your reasoning and even figures, if you were willing.
Cheers
Elka
You must be logged in to reply to this topic. If you don't have an account, you can register here.
