I have a main road property at Hawthorne, Brisbane. The property is about 40 years old and will need some immediate renovation so I can increase the rent to make it positive gear. The property is zoned LMR2 but I am not at the stage of developing it.
I noticed quite a few of my neighbouring properties have been rented out as offices, gym etc. All these properties are zoned either LMR or CR.
Our budget for renovation is 30k. Would it add more value to the property if I use the money on a MCU application rather than spending it on renovation?
Thanks everyone for your help!
I noticed quite a few of my neighbouring properties have been rented out as offices, gym etc. All these properties are zoned either LMR or CR.
Our budget for renovation is 30k. Would it add more value to the property if I use the money on a MCU application rather than spending it on renovation?
Thanks everyone for your help!