Converting an office space in CBD high rise

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vyaw2003
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@vyaw2003
Join Date: 2006
Post Count: 188
July 21, 2017 - 7:44 pm
Hi,
I wanted to know more on converting an office space in CBD high rise.
Large areas seem cheap, and realistically they are only missing some internal walls and a bathroom.
If I find a part of a commercial high rise floor with a Kitchenette would that be enough to add a bathroom? Only problem is the waste pipe would not be as big as a traditional toilet pipe, not sure if that would cause issues. Bathroom floor may need to be raised for piping.
Additionally I would have to weigh up the annual fees, and the council rates would be commercial rates too.
Would a commercial high rise be multi use? Comm/residential.
Is this a bad idea? I just wanted a cheaper 2 bed unit in the city.
- This topic was modified 7 years, 3 months ago by vyaw2003.
Corey Batt
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@cjaysa
Join Date: 2012
Post Count: 1,010
July 23, 2017 - 6:36 pm
Good luck getting council approval for change of use. If this is a functioning high rise you have zip all chance of getting this done – the odd time it does happen is when the entire building/most upper floors are all converted to residential which is a rarity except for conversions on old office buildings than anything new.
Corey Batt | Precision Funding
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Investment Focused Finance Strategist - servicing Australia-wide
vyaw2003
Participant
@vyaw2003
Join Date: 2006
Post Count: 188
July 24, 2017 - 9:15 am
ok, so i would have more chances at converting an entire smaller building, and it only makes sense where it is a great buy price, buying an entire building is a lot different to just buying 1 floor. I do know of an inner city tin shed and half of it was converted into a 2 bedder. Would that have been hard to get conversion approval?