ISSUE 168 | APRIL 2024 | 02 9630 8000 | PAGE 6 BAWDENS ASSET MANAGEMENT Navigating Council Challenges for Approval In the pursuit of changing the usage of a vacant property, a tenant faced initial setbacks as their application was rejected citing discrepancies between the plans on record and the current layout of the property. This resulted in Associate Director Asset Management Bechara Taoum having to closely examine what aspects were historically part of the property and what changes were introduced by the tenant. Taking charge of the situation, Bechara identified the historical components through a detailed analysis of the approved plans and the current state of the property. Understanding the discrepancies, Bechara brought the owner and tenant together in a collaborative effort, along with the owners preferred contractors, to address and rectify the identified issues ensuring the works completed align with the approved plans from council. On completion of the works, the revised DA was submitted to council and approved. The successful application not only allowed the tenant to proceed with their planned changes in the property but also highlighted the importance of effective communication and coordination between stakeholders to overcome regulatory challenges. Simply search ‘Bawdens’ on YouTube. Subscribe to our YouTube • Stay informed: view our monthly Industrial Property News, weekly Market Brief and bimonthly Commercial Property News & Property Investor News • Find out what transactions we have just completed • Be up to date with the current market offerings For the latest media releases & market trends visit our website www.bawdens.com.au Leasing or buying Leasing Buying 41% 59% BAWDENS NEWS YGreenacre 1,496m2 approx. Freestanding Building • Main Road exposure • Easy access to major roads • Good truck access Anthony Barbanera: 0410 914 662 Rishad Kharadi: 0405 732 041 FOR LEASE YSOLD BY Seven Hills – Ripe for Refurbishment Sells for $5,198.00 psm An owner occupier Chuihung Pty Ltd has purchased a unit located at 5/36 Abbott Road, Seven Hills to cater their need for a full refurbishment. This high clearance warehouse measuring 227m² had been sold for $1,180,000.00 reflecting $5,198.24 psm + GST. This deal was completed by Bawdens Director Terry Saba.
RkJQdWJsaXNoZXIy MTI3ODI1