Material change of use...

[wallace]

Hi all,

i have a property in ipswich which may be able to change its material change of use into a small doctors surgery or similar.

Are there any benefits in doing so? It will still be zone res a, but a change of use will be registered with the council etc.

the only benefit i can see is that i may get a better rental return..

what do others think?

 

[BayView]

If you get a doctor, dentist etc, you'll probably have the tenant for a very long time.

 

[jasper]

Think they usually pay rates etc as well whereas residential don't (in my area anyway)

 

[wallace]

the rental return will be much more in my favour. i think the only down side is that the place needs to be converted to accomodate such a tenant. eg.. sprinkler systems, wheel chair access, air con in each room etc..

plus building a 10 or so parking spaces on the property. all this would make it a fairly reasonable expense..

 

[Perp]

A residential zoning with permission for commercial use is generally the best of all worlds; residential zoning typically attracts the most $/m2 upon sale of the land, whereas a commercial zoning typically attracts a higher yield. You can benefit from the higher commercial yield, then when selling, can sell it as a residential property (or as resi land) if the market favours that option at that time. I think it's a great opportunity, if there's a market for commercial properties of the type you're proposing in the area.

 

[Strannik]

there is one like that for sale in brissy atm, 1220 Logan Rd, Upper Mt Gravatt (from memory)

the ad said it pulls ~50k rent a year (again, from memory)

 

[craigb]

is their enough parking space ??

 

[wallace]

its a corner block that has side access to build a carpark. i would need to sort that our im sure as part of the application.

Has anyone gone through a mcu with council? curious to know your thoughts.

the other side of that equations is that i may need to put in things like.

- ac in each room
- wheel chair access
- parking spaces
- sprinkler systems...

 

[wallace]

ha! sorry, just realised i have already posted that the other day...