Following an earlier commission to assist with a Block Valuation, Malcolm Smith Consulting was subsequently engaged by the beneficiaries of the Estate to consider and advise on them completing a subdivision of the property. The objective was for the beneficiaries to retain some of the property, and for the remainder to be sold.
Malcolm Smith provided advice on the development and subdivision process and prepared possible allotment layouts. Malcolm then assisted the beneficiaries to consider the issues associating with doing a subdivision type development. Importantly, he outlined the risks and benefits of the exercise, and also provided an indication of the costs to finance the subdivision and likely timeframes to complete the exercise.
This advice assisted the beneficiaries greatly. In the end they decided not to carry out the subdivision themselves, and instead they placed the property on the market for sale.