We have 3 blocks of land (side by side) which form a rough square. The blocks are all approx 16m wide by 45m deep. The blocks are currently used for security on a commercial building. A high density development wouldn't sell and most likely wouldn't pass council.
The blocks cost a total of $60,000 to buy some years ago. They were valued at $360,000 as security but I would be surprised if they went for that much as individual sales
My thoughts are to either
build six (or more) 3 bed/2 bath townhouses that are likely to sell for low $300k's
or
sell the blocks as they are and avoid the headaches of a large (and long) build process.
Over to you.
The blocks cost a total of $60,000 to buy some years ago. They were valued at $360,000 as security but I would be surprised if they went for that much as individual sales
My thoughts are to either
build six (or more) 3 bed/2 bath townhouses that are likely to sell for low $300k's
or
sell the blocks as they are and avoid the headaches of a large (and long) build process.
Over to you.