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I agree starbright, but at the end of the day you should look at worst case scenario (no CPI) and good return, with CPI. Only if worst case scenario still shows a good profit would I go ahead. Sometimes in developing, you are going to take a chance, but it's still nice to know that your worst...

Check: - council for dual occ permit potential (& heritage issues) - land surveyor for drainage & sewer feasibility - Solicitor/conveyancer for title issues (eg. easement) - other properties in the area dual occ'd properties (eg. are there buyers for your kind of development) then do the...