All Topics / Value Adding / Selling off one flat – can this be done?

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  • Profile photo of batts71batts71
    Participant
    @batts71
    Join Date: 2004
    Post Count: 57

    Hey guys,

    Firstly I apologies for my lack of knowledge, and likelyhood I am using the wrong terminology for what i would like to do.(im not even sure if this question belongs in this category)

    I have an old house in a regional area in Qld that has been divided into 2 flats. (this was done many years ago). A 3 bedder and a 2 bedder. It is basically divided down the middle, with no shared rooms, and the entry door are on the extreme left, and extreme right of the front. The rear yard isn’t seperated into 2, but that can be done easily.

    Okay, my question, can I sell these flats off individually or does it need to be sold as one unit.

    Thanks guys,

    Profile photo of depreciatordepreciator
    Member
    @depreciator
    Join Date: 2003
    Post Count: 541

    Right now the building is on one title. It would need to be put on two titles. Not impossible, but the cost and logistics of doing it might outweigh the benefit. For a start the wall dividing the two would have to be fire rated. First thing to do would be to talk to the local council.
    Scott

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    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    batts

    It will also depend on the zoning of the land.

    I am assuming that the property is approved for multi flat dwelling? Many of the properties in Brissie aren’t and are on Res A land.

    As Scott mentions the costs may well outweigh the benefit. You be better off to convert it back to a Queenslander and renovate it.

    Cheers Richard

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