Zoning - (B4) Mixed Use

[TMNT]

Can anybody please explain what this means in 'investor' talk?

I know what it means from a legal perspective.

 

[Ideo]

More options basically. A mix of commerical/resi is an option.

Is that what you mean?

 

[TMNT]

More options basically. A mix of commerical/resi is an option.

Is that what you mean?

yes something like that,

how much more of a premium does it attract,

and sometimes it looks like its in the middle of a shopping area, so it would almost look funny to build houses on it, but at the same time, a house there, would be hugely sought after

so yeah, just trying to get my head around it

does B4 mean, jump on it! or jump on it at the right price or meh, same as standard resi

vasically in 'smart investor talk'

 

[Ideo]

Like every other purchase, DD is required. Examine potential yield, rent, sale prices, what the market is doing etc etc.

If it's for redevelopment, have a look at what you can and can't do - whether a building envelope applies, FSR, setbacks, carparking etc etc

It's essentially a commercial zoning that allows for residential development as well. In built up urban areas it is a useful zone for doing a mixed use development - commercial/retail on the ground floor, residential units above.

It's not an immediate jump on it. It's not an immediate avoid. It's just another zone that you need to do usual research into the property to establish if it is a smart purchase.