Hi Guys,
Just wondering if anyone would be able to give us a ball park figure of how much it costs to get a block of units broken up and strata titled? We haven't approached a solicitor yet about anything, but are looking at a few projects and not really sure how much we should be expecting to pay for the work – this cost is probably the biggest, and could make or break the deal!
I'd imagine there would be costs associated with getting the property surveyed and drawn up, also the legal costs, and council. Are there any other factors? Any "rule of thumb" like a cost per unit?
Hope someone can help!
It all depends upon how much information that you already have. Firstly approach council to confirm that the property can be subdivided as well as reviewing the requirements for fire separation & fire safety provisions (scope will depend on how old the building is & type of construction). Town planner may also advise what council costs & fees are applicable (there will be a development approval required to subdivide).
Also need to contact a surveyor (preferably one who does alot of strata subdivision & preparation of strata plans). They may also be able to prepare & lodge all title documentation. The surveyors will be able to give you a heads up based on your building.
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