All Topics / Help Needed! / brainstorming

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of everdineeverdine
    Member
    @everdine
    Join Date: 2003
    Post Count: 119
    June 25, 2004 - 12:40 pm

    [hat]Hello all the smart people with clever ideas under their hats!!

    We have an IP on a large block in a large regional town, which we hoped to make dual occupancy… but it may be a metre or two short of the required size – still checking it out…

    Wondering what else we could do with the land to make it profitable. It’s not a suitable location for storage units, but is on a corner block.

    Any ideas gratefully considered.

    Happy weekend, diane

    Profile photo of 1HotValuer1HotValuer
    Participant
    @1hotvaluer
    Join Date: 2004
    Post Count: 73
    June 25, 2004 - 1:13 pm

    You are limited to what you can do. You must check the zoning guidelines, sometimes they will allow a childcare centre to be built, which is very profitable if you can find a tenant. Or you can just put one big fat house on it and rent it out.Council zoning guildelines or Local Environmental Plan dictates what can and can’t be built.

    Profile photo of everdineeverdine
    Member
    @everdine
    Join Date: 2003
    Post Count: 119
    June 25, 2004 - 10:10 pm

    Thanks 1HotValuer,
    we have the council guidelines and are seeking advise.
    Our IP and shed are on 2/3 of the block. The vacant section is on the corner of 2 roadways and we were wondering what we could do with this land other than planting trees on it. It appears it may be a tad small to build a 2br transportable on, we are still researching this.
    cheers, Diane

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    June 25, 2004 - 11:22 pm

    You might find that the council can be negotiable on something like this. Go and have a sit down with the person responsible and see what they say.

    All the best,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429
    June 26, 2004 - 10:20 am

    Maybe you could ‘buy’ the extra metre from your neighbours?

    Cheers
    Mel

    Profile photo of everdineeverdine
    Member
    @everdine
    Join Date: 2003
    Post Count: 119
    June 26, 2004 - 10:59 pm

    Thanks Simon,
    We are trying to get all our facts togather before we approach council, but we will do this. A small home is the most suitable option for the space at this stage.

    Great idea Mel – except the vacant part of the block is on the corner of two roads!!

    We have time so I’m sure an exciting & profitable solution will come.

    Cheers, Diane

    Profile photo of Brenda IrwinBrenda Irwin
    Participant
    @brenda-irwin
    Join Date: 2003
    Post Count: 119
    June 27, 2004 - 12:23 am

    Have you thought about having a company rent your land to erect a big advertising sign there?

    If you want to get out of a hole, first stop digging.

Viewing 7 posts - 1 through 7 (of 7 total)

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