Property Solicitor: worth it?

Vundaful! · Feb 12, 2019 9:46 am

Hi H1!

Back after half a decade 🎉

We are currently in the throws of purchasing a large subdivision in the Perth Hills and are wondering if we should be engaging a property solicitor to run over the title, plans and contract.

The property has two easements on it, both on the title, one for the power company and the other a driveway for right of way by the bottom owner who was unable to use the battleaxe for it due to the slope.

It also needs significant infrastructure for water mains and then site works... so a biiiig, heavy investment for us as purchasers.

Given the tricky nature of this block we feel a bit out of water with the legal side of it. We understand the easement burden and accept it but we do wonder if we are missing anything.

Thoughts?

StructuralBIMGuy · Feb 12, 2019 10:00 am

I also recommend a Detail soil report and preliminary engineering estimates.
The ROI is low at the moment, so you need to buy at the right price.
Cheers

Vundaful! · Feb 12, 2019 10:36 am

StructuralBIMGuy

I also recommend a Detail soil report and preliminary engineering estimates.
The ROI is low at the moment, so you need to buy at the right price.
Cheers

Thanks 👍 I've been admiring your posts as I've read through the forum!

There was a soil report done as part of the subdivision application to assess septic suitability.

We will be organising a contour survey after settlement too. Is this the "big daddy" survey that will help us pin down better site cost ballparks?

StructuralBIMGuy · Feb 12, 2019 11:05 am

Welcome back & Thanks for the kind words
Has it already been subdivided? and you wish to subdivide/ rezone it further at a later date?
In any case you should put in an offer subject to due diligence, try to nail down ballpark costs
before purchase. BTW photos also help Cheers
Chris

Vundaful! · Feb 12, 2019 1:19 pm

Subdivision already existing, firebreaks in place for it, and we were told no further subdivision could occur.