Sub divide and sell the back yard

Discussion in 'Share Investing Strategies, Theories & Education' started by COSY, 3rd Oct, 2016.

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  1. COSY

    COSY New Member

    Joined:
    1st Jul, 2015
    Posts:
    2
    Location:
    VIC
    Hi All,

    I have a property 1200sqm and got the back unit. that unit got separate electricity, water , gas and sewer and I think access to drain storm water too. So can I sub divide this to two lots easily?

    I’m not going to build anything in back just two lot sub division and sell the back ?

    If possible let me know the process.

    Cosy
     
    COSY, 3rd Oct, 2016
    #1
  2. Simon Hampel

    Simon Hampel Founder Staff Member

    Joined:
    3rd Jun, 2015
    Posts:
    12,415
    Location:
    Sydney
    Where is the property located? Do you know what the zoning for the area is?

    Is it a granny flat?

    Generally granny flats are not able to be subdivided, but depending on the location and the nature of the property, there may be possibilities.
     
    Simon Hampel, 3rd Oct, 2016
    #2
  3. COSY

    COSY New Member

    Joined:
    1st Jul, 2015
    Posts:
    2
    Location:
    VIC
    Hi Simon,

    This property located at Local Government (Council): GREATER BENDIGO and with GENERAL RESIDENTIAL ZONE (GRZ)

    this is a single bed unit and I'm paying council rates for both properties.

    Cosy
     
    COSY, 4th Oct, 2016
    #3