All Topics / Commercial Property / Buying off Plan – Mixed Development Res & Comm

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  • Profile photo of VicInvestorVicInvestor
    Member
    @vicinvestor
    Join Date: 2013
    Post Count: 2

    I am looking to purchase a shop 'off plan' in a mixed development. Residential & Commercial (shops with apartments above).

    In Contact of Sale settlement monies are payable 14 days after Registration of Proposed Subdivision Plan.

    Is it common/possible for the commercial shops to be certified/registered prior to residential apartments above?

    Profile photo of HomeLoanExpertsHomeLoanExperts
    Participant
    @homeloanexperts
    Join Date: 2007
    Post Count: 43

    Developments can be completed in stages with some sections registered before others. However with it being shops and units above them I really doubt that this would be the case. It would all be done in one go.

    Profile photo of Mark CoburnMark Coburn
    Participant
    @mark-coburn
    Join Date: 2006
    Post Count: 181

    I agree with HomeLoanExperts. Stages are more common in multi building developments. Shops are often the hardest part of the development to sell, so negotiate hard if you are a pre-sale buyer.

    Mark Coburn | Coburn & Co - Investment Advisors & Buyer's Agents
    http://coburnandco.com.au
    Email Me | Phone Me

    |Ph: 0405 243 547 | Property Investment Advisors |Mortgage Brokers|

Viewing 3 posts - 1 through 3 (of 3 total)

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