DWS can offer expert assistance when considering sub-division of land. This arises when there is surplus land available or a complete redevelopment of the site is under consideration that is more efficient with land use. The benefit of such a development is the potential funding capabilities of surplus land or air-space. The following key elements are involved in the sub-division of land:
- Review the initial concept and offer our insight as to how the proposal may be further strengthened, particularly in the case of a redevelopment of the business as opposed to a simple sub-division of available land.
- Hold discussions with the local council to determine appropriate land use of the subject site and prepare the necessary paperwork.
- Should the land be out to the open market for sale, we can leverage our contacts in the property sector and appoint appropriate sales agents.
- Alternatively, we can help in improving the value of the land by assisting in achieving development approval.
Sub-division of land is a short to medium-term project and depends on whether the subject site is to be cleared, is ready for development or whether the business is also to be redeveloped. DWS is ideally suited to assisting with the development of hospitality assets given our advocacy of diversification of hospitality-based assets.