Some answers to popular questions;
Q : Do you charge to assess my property?
A : Free of Charge. We adopt the view that we are assessing the suitability of your site for our services or purchase.
Q : What's the smallest backyard you would consider?
A : in a Suburban area on a 15m wide block, it is worth a call if your backyard is 15m deep. In some municipalities this will be too small and others ok. If you are on a corner we don't need as much land. Call us for a quick answer.
Q: My property is inner City, Richmond, Carlton, Albert Park and my backyard is tiny, can I subdivide?
A : We will need to assess it, subject to your zoning, we could buy the airspace above your garage and not reduce your backyard very much at all. Call us for more detail
Q : I love my area but there is too much work, can you help?
A : Yes definitely. Where feasible we can rebuild on your site and hand back to you a new unit or apartment plus cash where our feasibility allows.
Q : How long does it take to get permits?
A : Councils are very busy with Planning Applications. It varies between councils, but generally 3-5 months from lodging our application.
Q : My Property is in an outer suburb and over 5000 Sqm, are you interested?
A : Yes, definitely, we would buy your site, partner with you, buy your backyard, build homes on it and hand some back to you and many more options. You can get much more partnering with us than just selling on the open market.
Q : My Property is listed with an Agent, can I call you?
A : Yes definitely. But we will always respect the rights of the Agent to a commission if we Buy your property whist the Agent is engaged.
Q : Will You deal with my Agent?
A : In most cases no, we would prefer to deal with you or your solicitor as generally your solicitor is more understanding of development agreements between parties. Most Agents are only familiar with selling your property in the normal market place.
Q : My property has a pool and garage in the backyard can I still subdivide?
A : Yes we regularly demolish existing structures, family rooms, garages, trees, pools etc. they can all be removed.
Popular No Cost Development questions;
Q : What type of Developments qualify for this?
A : Any land zoning where we are developing the land to increase the number of titles, and where we take one or more titles to justify cost plus margin for the developer.
Q : Explain some of your past Developments on this basis
A : We contracted with a couple nearing retirement on a 1300sqm site with a heritage overlay in a prestigious inner Melbourne suburb. We obtained permits, built a substantial home for them, paid them a substantial cash bonus and took title to two lots. Financially the donor site was worth circa $1.8-$2.0m, they received a larger dwelling on a smaller Lot worth circa $3.0m-$3.3m plus several hundred thousand dollars in cash bonus. They have a beautiful home and have increased both their real estate equity and had cash to invest in their super fund. This is an extreme example of gain, but real and easily duplicated given the same scenarios.
Q : Where do I live when my property is being redeveloped?
A : Every scenario is different. Where our feasibility allows we arrange serviced or rental accommodation for you at our cost.
Q : What benefit is it to the Land Owner to do this?
A : Takle Developments will not enter an arrangement like this unless there is a significant financial and or lifestyle benefit to the land owner. Our goal is to profit from increasing your wealth and or lifestyle.
Q : I'm not ready now but maybe in a couple of years, when do I call Takle Developments?
A : Many of our Clients make an initial enquiry then come back in 12 months to 5 years time. It is always best to enquire to see what your options are. We don't act like salespeople and relentlessly call you till you make a decision. We have a much higher level relationship with our potential Clients, it's a matter of if and when it is right for you to enter these types of arrangements.
Popular Subdivision questions;
Q : What permits are required to achieve subdivision?
A : In all cases where we are creating lots less than 300sqm and most cases with lots under 500sqm, we require a Development Permit approving what we are to build on the site and a Subdivision permit to allow the application for consent to have the plan of Subdivision registered at the titles office. These permits can be applied for concurrently.
Q : Does Takle arrange every aspect of Development and Subdivision?
A : Yes, we have completed dozens of Subdivision applications and Developments. We are extremely familiar with the process of Subdivision across all property types.
Q : What does it cost to Subdivide?
A : Each Development is different and most councils now have different fee structures for consenting to multi lot Subdivision. Some councils charge as much as 20% of land value to grant Subdivision of multi lots and others as low as 2.5%. In addition to this there are many other professional fees and application fees involved. Each development proposal requires individual quoting.
Popular Finance and Contract questions;
Q : Do I need a Solicitor?
A : Most definitely. Whilst our contracts have passed the scrutiny of many solicitors, we always recommend you receive independent legal advice before entering any agreement.
Q : My property has a mortgage, can I still develop?
A : This is dependant on financial ratios that we need to calculate. Generally speaking if your mortgage doesn't exceed 60% of your land value on a project related basis we can still achieve funding to take over your mortgage and enable the property to be developed. Every circumstance is different and requires our assessment. We have achieved success for people with higher ratios of existing debt. Just call us and we can assess for you.
Q : What do I pay?
A : This depends entirely on the capacity in which we act. As Project Managers, you pay for all costs, our time and advice. As Developers in a Development agreement Takle normally pays all Development costs.
Popular Strata Re-Development questions;
Q : My unit complex has a lot of open space, will you buy it?
A : Takle Developments are very keen to purchase land and airspace from Owners Corporations. We can redevelop car parks, even redevelop large central courtyards in some cases. Just call us for a free assessment.
Q : What is the cost of assessing our block?
A : $ZERO, we are purely investigating the suitability of your site for our services.
Q : Our Apartment block has defects and the owners can't afford the costs or repair, what do we do?
A : Call Takle Developments, we can very quickly assess where you can liquidate land or airspace to pay for remediation works. In some instances Takle will undertake these works a much cheaper rates than Owners Corporations have been quoted, and complete them as part of our redevelopment.