A failure to critically review and fully understand the provisions set out in a Contract for Sale before committing to acquire property can prove costly. Whilst the legal interpretation can be addressed, it is always prudent to seek a “second” opinion on the commercial and market risks associated with a specific property ahead of the intending purchase and before you commit to buy.
CasCap Advisory was approached by a client to explore options that could be implemented in order to restore added value to a large parcel of land that had been acquired on the outskirts of Sydney.
The Key Issues
CasCap Advisory conducted historical research on the property in question and uncovered through publicly available records and other independent sources that the specific parcel of land had previously been the subject of a land subdivision application that failed due to the existence of the potential for a mine subsidence impact. The topography of the land was such that it could never have been capable of prior subdivision applications particularly as to the number lots that were being proposed.
What did CasCap Advisory do?
To work towards achieving the objective outcome of enhancing the future value of the land that our client had acquired, CasCap Advisory undertook the following steps:
Our team of dedicated professionals has diverse skills and an extensive network of various stakeholders in the property and construction industry. We regularly draw on our network to help deliver the best possible outcomes for our clients.
If you want to find out how we can help in your unique case, please do not hesitate to contact us today.