- TheCuriousMindParticipant@thecuriousmindJoin Date: 2010Post Count: 10
I have a residential investment property in Pakenham very close to the station about 900m.
Having lived in the area before I always struggled to find medical practioner and have seen a trend of residential properties being converted to medical centres.
I was thinking to convert my 3 bedroom house which is on 800 Sqm block into a medical centre and really with a view to —
– Provide a facility in the area
– Hoping commercial leasing is more profitable? I am not too sure !
I really dont have any experience and this is just a curiousity. I was wondering if you had any experiences to share to help guide me?
Many thanks!JaxonParticipant@jaxonaJoin Date: 2014Post Count: 284
Firstly, you should speak with your local town planning department as I presume (could be wrong) it’s currently zoned as residential?
This may be a major issue as you likely cannot lease as commercial if it’s not zoned for it.
Seek professional advice.
Wish you the best!
Disclaimer : this is general and in no way specific advice.