Hi All.
Long time since I visited but I thought this the best place to get an expert opinion.
I am a tenant in common in a small rural block purchased about 30 years ago. The Council has been charging rates on a NAV of 124,000. Finally my partners in the block want to buy my section (long story) and had made an offer.
Now the RE agent has valued it at $25,000 as the number of planning overlays etc that have been enacted over the years have meant that the block can no longer be allowed as a building site (apparently).
That is: Council has rated it as a building block but planning authorities say it is NOW not a building block.
Any advice on how to proceed, any appeal process on the building issue etc?
I really want shot of this block but I want to find out first if there is a way to reclaim the value of it.
Long time since I visited but I thought this the best place to get an expert opinion.
I am a tenant in common in a small rural block purchased about 30 years ago. The Council has been charging rates on a NAV of 124,000. Finally my partners in the block want to buy my section (long story) and had made an offer.
Now the RE agent has valued it at $25,000 as the number of planning overlays etc that have been enacted over the years have meant that the block can no longer be allowed as a building site (apparently).
That is: Council has rated it as a building block but planning authorities say it is NOW not a building block.
Any advice on how to proceed, any appeal process on the building issue etc?
I really want shot of this block but I want to find out first if there is a way to reclaim the value of it.
