Tuesday, 28 February 2012

How to figure out if DEVELOPMENT site is any good...


Ramsgate unit block plan set for approval

19 Feb, 2012 06:00 AM
A PROPOSAL for a four-storey residential and retail development at Rocky Point Road, Ramsgate, previously deferred by Rockdale Council was recommended for approval at a meeting last night despite objections by residents.

Seven objection letters and a petition against the $2.8 million proposal at 226 Rocky Point Road were submitted to the council that raised concerns about traffic, parking, non-compliant setbacks, height, overshadowing and the detrimental effect on the streetscape and privacy.

The application was deferred on February 1 for an on-site meeting with councillors, objectors and the applicant.

Labor councillor Shaoquett Moselmane said at that council meeting the application could subsequently be approved under delegated authority with concurrence of the council's general manager Meredith Wallace.
This idea was rejected by the council and a revised proposal with eight parking spots on the site was considered by the council last night.

Resident and objector Nathan Richau said setbacks would encroach on neighbouring properties and the height and scale of the development meant residents could look into his bedroom and bathroom.
Architect Maria Vrondas, who represented the applicant Rodney Woodward, said the proposal was sensitive to neighbouring properties and was not excessive in height or bulk.


She said off-street parking was provided so it would have a minimal effect on traffic in the area.


WHY IS THIS INTERESTING , You know the saying once one gets away with it they all start doing it.
Ok so what is also available in RAMSGATE.
First what is a UNIT selling for 
hear we go a 2 bedroom $389 000
http://www.domain.com.au/Property/For-Sale/Apartment-Unit-Flat/NSW/Ramsgate/?adid=2009471155


OK so now if you buy some development blocks and build is there profit?
here are some, you do the rest.


http://realestate.theleader.com.au/overview/2248249/262-264-rocky-point-rd-ramsgate-2217/
http://www.realestateview.com.au/Real-Estate/183-189-rocky-point-rd-ramsgate/Property-Details-buy-commercial-3157775.html
183-189 Rocky Point Rd Ramsgate

183-189 ROCKY POINT RD, RAMSGATE, NSW, 2217 - RETAIL FOR SALE

Expressions of Interest

DA Approved Development Site

For Sale via Expressions of Interest

DA Approved Development Site for 43 home units and 1,605 sqm supermarket or re design to suit.
Also


NOW YOU FIND ONE THAT IS SOLD
197 Rocky Point Road  Ramsgate NSW 22

Check out the artist impression, who did this , has this been approved, who was the town planner, maybe you can ask them what about these other blocks>>
look at the picture below


CHECK OUT THE DCP HERE great read for any investor