What is a Built Strata Subdivision?
Built Strata Subdivisions often apply to developments where the buildings themselves form the boundaries of each title and, unlike Survey Strata Subdivision applications, at least one building must be shown on the strata scheme. These can relate to multi-apartment developments, commercial developments and multi-town house constructions. Built Strata Subdivisions are generally recommended for new, multi-dwelling projects as all required service connections can be defined at the outset and are unlikely to require altering in the future.
Built Strata plans are issued following the construction of multiple dwellings on one title, meaning that a developer is unable to sell-off any dwellings until the Strata Titles have been cleared and issued for all of the dwellings. If a client’s timeline is such that they would prefer to manage the project in stages, it is preferable, when possible, to first subdivide the land as Survey Strata which would then allow for each dwelling to be constructed and sold independently of the others. In addition to the regular approval process, Built Strata Subdivisions consisting of more than five dwellings, with land greater than 2,500m² or of a commercial nature also require special WAPC approval.
When to Apply for a Built Strata Subdivision
The most appropriate subdivision strategy for you will largely depend on the individual characteristics of your land, your R-Code zoning, your budget, your development aspirations and the timeframes in which you need to realise returns. It is imperative to ensure you have a thorough understanding of the specific requirements of Built Strata Subdivisions before commencing the application process to establish whether the outcomes are likely to meet your expectations.
The process for receiving approval of Built Strata Subdivisions can be longer and more complex than those involved with other types of subdivisions. For this reason, it’s important to work with licensed Surveyors who are experienced specifically with Built Strata Subdivisions and have a deep understanding of the information that needs to be supplied to each of the relevant bodies throughout the project’s duration. A competent project manager can also help ensure the required trades are pre-booked and engaged to carry out works at the most efficient and strategic stages of the project.
Ultimately, the aim of property development is to add significant value to the original purchase, thereby delivering financial returns to the developer. The more efficiently the subdivision process can be managed, the more quickly the project can be completed, and financial returns generated.
For the right advice around your Built Strata Subdivision project, contact the surveying and subdivision experts at Multiply Property Group here.