Commercial zoned for residential use?

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Hi folks,

I'm considering purchasing a property that is in a commercial zone e.g. "medical, consulting, other uses".

I want to buy it for my PPOR. Is there going to be an issue with the lender about this? I understand that a property designated as commercial and bought as commercial is subject to other lending criteria. i.e. 30 - 50% deposit required.

Is this going to apply to me even though I want to buy it as a private residence?


Thanks.
Dan.

 

[Scott No Mates]

What is the current use of the building? Does it have the Facilities for a house ie kitchen, bathroom/shower, laundry?

There are plenty of non-conforming uses around but whether you can live in it...

 

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It does have a kitchen and bathroom. It's basically a house that has been used as office space for community groups etc. Nearby are other residences plus light industry sheds.

 

[Scott No Mates]

You will need to review the LEP and find out what are the permissible uses under the zoning.

 

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Thanks for all responses. It turned out to be residential zoned, so it's all good