Hi,
I own a 560sqrm block in a good central location in Melbourne.
Currently there are two stand alone buildings on this block. Each building has 2 levels. Each level is 1 x 3 bedroom apartment.
So at the moment there are 4 art-deco apartments on this block.
I could renovate and turn an ok value-add.
But I could potentially build 15 apartments on there (3 levels).
The question is, would a developer go into an agreement where I provide the block, he funds the build and we split the apartments in a fair manner?
I own a 560sqrm block in a good central location in Melbourne.
Currently there are two stand alone buildings on this block. Each building has 2 levels. Each level is 1 x 3 bedroom apartment.
So at the moment there are 4 art-deco apartments on this block.
I could renovate and turn an ok value-add.
But I could potentially build 15 apartments on there (3 levels).
The question is, would a developer go into an agreement where I provide the block, he funds the build and we split the apartments in a fair manner?