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STRATA TITLE INVESTMENT PROPERTIES
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Strata Titling is used by investors to extract some extra value from their property portfolio.This involves converting a number of units on a single land title into separate titles. The majority of this is a paper exercise, although the units will have to comply with council regulations which may involve some modifications.
You can expect an increase in valuation of 5% to 10% as the bank will view each unit as being of higher value with them having independent titles.
It also gives the investor more flexibility going forward. For example, they can sell one property and keep one property. A useful mechanism to be aware of when you are doing your research on investment opportunities.
Strata Titling is a simple and easy way to add value to a property and create instant capital growth, independent from curerent market growth.
New Buildings
When a new building containing two or more units is constructed and has not been occupied, a strata plan can be deposited for registration in the Provincial Land Title Office, without requiring any City approval on the strata plan. New development in most single-family districts generally cannot be strata titled, and the City may require a covenant to be registered against the property title to restrict strata titling in these districts. Some other uses, such as Artist Studios, may also be restricted from strata titling in some zoning districts.
Existing Buildings (Strata Conversions)
Any proposal involving the conversion of a previously-occupied building to strata title ownership must receive City approval, in accordance with the Strata Property Act. The City’s process for conversion of previously-occupied buildings to strata or cooperative ownership is intended to assess the impact of conversion on the supply of rental accommodation in the area and to consider the impacts on residential tenants who are unwilling or unable to stay in their residence by purchasing a strata lot or cooperative unit. It also ensures that the building proposed for conversion is in a reasonable state of repair. Buildings are inspected by City staff for compliance with the Building, Electrical, Plumbing and Fire By-laws and in general must be upgraded to substantially comply with these by-laws. For attached dwellings, fire separation between units and life-safety systems such as sprinklers are mandatory.
City Council is the “approving authority” for conversion of previously occupied buildings into strata lots. Council has delegated its authority to the Subdivision Approving Officer for strata conversion applications of residential buildings with less than six units and for buildings which have not previously contained residential accommodation.
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Click below to see just some of our Strata Title investment properties that are available now. |
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These two x 2br units are and always have been rented. At a moderate $250/week there is some room for an increase as the market continues to shorten. The units are just over 1 year old, fully airconditioned, boast a fridge and washing machine, large modern kitchen, floating floor and full length verandah with covered car parking on the FH allotment. Very nicely finished and tenants assure us they are comfotable to live in. There must be room in your portfolio for these.
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| Price: |
$330,000.00 |
| Type: |
Units |
| Bedrooms: |
4 |
| Bathrooms: |
2 |
| Garaging: |
2 |
| Land Size: |
755 sm2 |
| Rent: |
$500 p/w approx |
| Yield: |
7.8% | | |
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Hard to find duplex units 2 by 2 bedrooms built out of brick and block and in top condition.Large split system air conditioners, cools the living areas.These partly furnished units are very popular Sort after as great investments, currently $370 per week, maintained in top condition With capacity to increase Current leases in place with large company, income coming in, and top capital gains.
ID: ROC5635
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| Price: |
$340,000.00 |
| Type: |
duplex |
| Bedrooms: |
2 x 2 |
| Bathrooms: |
2 |
| Garaging: |
2 |
| Land Size: |
600 sm2 |
| Rent: |
$370 |
| Yield: |
5.6% | | |
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Neat set of 2x 2 bed brick flats in close vicinity to Central Queensland University. Fully rented showing good returns of $370 p/w. there are on one title, with the right approval could be strata titled.
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| Price: |
$340,000.00 |
| Type: |
Duplex |
| Bedrooms: |
2x2 |
| Bathrooms: |
2 |
| Garaging: |
2 |
| Land Size: |
809 sm2 approx |
| Rent: |
$390 p/w approx |
| Yield: |
5.9% approx | | |
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Rare Kelly`s Beach Investment.*Great location - Great Investment.*Golf Course @ the Rear and directly opposite the Sandy Kelly`s Beach.*Apartments completed on the beach for $2.65mill*Entry level price - look at the features on offer 3 x 2Brm 1 x 1 Brm 1 x 2 Brm, 2 Baths*Block of 5 units in total needs TLC But around $45k all the work is done.*Rental returns calculated to be over $1200 p.w. once completed.*Ownerliquidating and in need of cash.
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| Price: |
$875,000.00 |
| Type: |
Strata/ renovation |
| Bedrooms: |
10 |
| Bathrooms: |
5 |
| Garaging: |
5 |
| Land Size: |
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| Rent: |
$1,200 p/w aprox |
| Yield: |
10.5% | | |
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Rent (pw): $1,000 Council, rates $6,824.31 p.a.Land size 1050m2.Full Description: Red hot seller - result required now!!Complex of 6 x two bedroom units.Torrens title with immediate strata potential.Low maintenance brick and tile building in strong rental demandlocality.Great location, short walk to main city beach, two shopping centres, hotel and restaurants.Six x 2 bedroom units with open kitchen and living.Easy care tropical gardens and undercover parking for 6 cars.Returning $52,000 pa appro
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| Price: |
$749,000.00 |
| Type: |
Strata |
| Bedrooms: |
12 |
| Bathrooms: |
6 |
| Garaging: |
6 |
| Land Size: |
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| Rent: |
$1,000 p/w |
| Yield: |
6.9% | | |
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