On Monday we will own our next block of land - ideal for a duplex. The contract was exchanged 3 months ago and we negotiated some favourable terms.
3 month settlement
5% deposit
Permission to access site for all pre construction purposes
Permission to carry out drainage works
Vendor to sign DA and CC forms
Vendor to sign Fencing Notices
Listed Price 259k
Negotiated Price 225k
The site was very wet and boggy indicating springs. A local guy who once did land slashing told me that it was the only block in the area he ever got bogged in - with a 4WD tractor! Nevertheless I thought it was worth the risk so negotiated the above terms knowing I may have to pay up to 10k to carry out extensive drainage.
3 months on and I have completed the site drainage at a cost of 4k and yesterday prepared the site for construction. We are awaiting our CC approval which should be done early next week.
Below are some pics of history to date. I expect to complete this project by the end of July.
3 month settlement
5% deposit
Permission to access site for all pre construction purposes
Permission to carry out drainage works
Vendor to sign DA and CC forms
Vendor to sign Fencing Notices
Listed Price 259k
Negotiated Price 225k
The site was very wet and boggy indicating springs. A local guy who once did land slashing told me that it was the only block in the area he ever got bogged in - with a 4WD tractor! Nevertheless I thought it was worth the risk so negotiated the above terms knowing I may have to pay up to 10k to carry out extensive drainage.
3 months on and I have completed the site drainage at a cost of 4k and yesterday prepared the site for construction. We are awaiting our CC approval which should be done early next week.
Below are some pics of history to date. I expect to complete this project by the end of July.