Conducting a Preliminary Assessment is the strong foundation step. A Prelim Assessment of the subject site can be conducted either prior to property purchase or after acquiring the property. This process involves assessing the site for ALL possibilities of redevelopment and selecting the best one which meets the goals of your investment.
During this stage we assess the site against the planning controls, speak to councils and advise you on the potential outcome of the property.
Advantages of doing a Prelim Assessment are:
- Saves you on a lot of MONEY – with the fraction of the cost as compared to a full fledge town planning application, a prelim assessment is cheaper and quicker. You would get a zest of the possibility of redevelopment and also peace of mind moving forward that the prelims were assessed in advance.
We can offset the cost of the prelim assessment from your full fee proposal. - Identify any issues from the start – Every site is different and presents itself with its do’s and don’ts. With a Prelim Assessment, it is possible to identify the strengths of the site and magnify the potential of the site.
- Save on Time – This step eliminates the unnecessary time you would otherwise spend on a site which doesn’t fulfil your development goals.
- Better understand the zoning and planning controls for the site: With a prelim assessment you would get a better insight of what rules apply to that particular site’s land use.
Different Aspects of a Prelim Assessment:
- Pre-Planning Advice: We study the site, contact authorities, and obtain information for location of assets and existing infrastructure. Then we come up with a proposal for development as per your wish list.
- Feasibility Study: This involves doing numbers for the development. Based on our past experience and the current market trends, we can assess the best & worst case scenario for the development.
- Site Visits for Due Diligence Assessment: We also offer site visits in scenarios where it is necessary to determine situation pre or post purchase.
Contact Aavas Consultants today to get started on this exciting journey geared with the right information at the right time.
Pick up the phone and speak to us on 1300 523 993 or drop us a line at info@aavas.com.au
