Stratum Subdivision
For larger scale multi storey mixed use developments, stratum subdivision is an option that should be considered. A stratum subdivision can allow the vertical subdivision into torrens title lots of a multi storey building. The benefits being:
Allowing different uses to be separated to allow for future individual strata plans pertaining to residential, commercial and retail spaces. Such avoiding an owners corporation filled with retail, commercial and residential interests which are quite often conflicting. Uneven representation in the owners corporation and voting rights based on unit entitlements.
Allowing the occupation, operation and sale of lower levels in a multi storey building prior to completion of the upper levels. As such allowing an early return on investment and increasing profit by reducing holding costs.
If you think your proposed development could be suited to stratum subdivision contact us to discuss things further.
