HI all,
Just want to get some idea from everyone - i have an IP in WYONG LGA area B5 (business development zoning) that has 1000sqm land (frontage of 19m) and only 300m walking distance to nearest train station. Currently it has a very old house that are in knock down condition.
DIscussion: Can someone suggest any idea how I can add value to this property with the aim of selling it afterwards? If i take the current house to the market, it won't get more than 400k, but I am certain if we can add some value to it through some innovative ideas, we can increase the selling price signficantly. THe challenge of course it is in B5 zone not residential zone otherwise I would just subdivide and sell the back.
Below is taken from LEP 2013 on B5 Zoning permitted use for some ideas what can we do with this land.
"3 Permitted with consent
Bulky goods premises; Child care centres; Food and drink premises; Garden centres; Hardware and building supplies; Hotel or motel accommodation; Landscaping material supplies; Light industries; Markets; Neighbourhood shops; Passenger transport facilities; Plant nurseries; Respite day care centres; Roads; Rural supplies; Self-storage units; Sewage reticulation systems; Shop top housing; Timber yards; Vehicle sales or hire premises; Warehouse or distribution centres; Water reticulation systems; Water storage facilities; Any other development not specified in item 2 or 4"
Just want to get some idea from everyone - i have an IP in WYONG LGA area B5 (business development zoning) that has 1000sqm land (frontage of 19m) and only 300m walking distance to nearest train station. Currently it has a very old house that are in knock down condition.
DIscussion: Can someone suggest any idea how I can add value to this property with the aim of selling it afterwards? If i take the current house to the market, it won't get more than 400k, but I am certain if we can add some value to it through some innovative ideas, we can increase the selling price signficantly. THe challenge of course it is in B5 zone not residential zone otherwise I would just subdivide and sell the back.
Below is taken from LEP 2013 on B5 Zoning permitted use for some ideas what can we do with this land.
"3 Permitted with consent
Bulky goods premises; Child care centres; Food and drink premises; Garden centres; Hardware and building supplies; Hotel or motel accommodation; Landscaping material supplies; Light industries; Markets; Neighbourhood shops; Passenger transport facilities; Plant nurseries; Respite day care centres; Roads; Rural supplies; Self-storage units; Sewage reticulation systems; Shop top housing; Timber yards; Vehicle sales or hire premises; Warehouse or distribution centres; Water reticulation systems; Water storage facilities; Any other development not specified in item 2 or 4"