Airspace development with Buy Airspace: A money-making prospect for strata owners

3 min read | March 18, 2022 03:39 AM AEDT | By Manisha

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Airspace development with Buy Airspace: A money-making prospect for strata owners — Image source: © Zephyr1783 | Megapixl.com

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Highlights

Airspace development lets you explore the option of the vertical growth of your property and unlock additional funds.

Buy Airspace has emerged as a specialist in future-thinking airspace development for structures across Australia.

It lets you build living spaces in ‘air-rights’ on the roof of a developed structure and helps its owners with huge capital gains, as claimed by Buy Airspace.

Buy Airspace acts as a moderator between strata owners and investors for the potential development of their roof space.

Airspace – a great unknown treasure you may be possessing. Airspace development lets you explore the option of vertical growth of your property and unlock additional funds.

A specialist in future-thinking airspace development, Buy Airspace realises that the new-fangled and innovative concept of building living spaces in ‘air-rights’ on the roof of a developed structure has a great potential to help its owners with huge capital gains.

Do read: Meet Warren Livesey – The brains behind Buy Airspace

Buy Airspace makes it simple for strata owners to mint money

Image source: © Sculpies | Megapixl.com

For an airspace development project, one of the crucial stages is to get everyone paid for construction. Here, Buy Airspace plays a significant part as a moderator between strata owners and investors. It makes them understand how an airspace development opportunity gets them access to potential capital from unutilised roof space. It provides a win-win solution to both the parties by turning unused airspace into a gold mine.

On obtaining approval and agreement from at least 75% of the owners to sell the common area space on the roof, Buy Airspace will proceed to file and obtain the valuation of the concerned property, deed of sale as well as DA (Development Application), council approval of the development plans.

Also read: Buy Airspace: Realising the potential of airspace for Australia’s growing population

Profit share from airspace development

It is often seen that while we talk about selling airspace on top of buildings, there arises a major conflict over the distribution of profit from the deal.

In general, top-floor owners assume to receive a bigger share of the profit from the airspace development. This often either causes the abandonment of the project or a delay in the development due to failure in reaching a consensus.

As per Buy Airspace, with the involvement of its experts’ team, every party involved in the deal can stay assured of securing an offer completely based on objective criteria. The share of the owner from the profit would be as per the share of the property they own, dismissing any reason of conflict.

For more information, you may call Warren Livesey on 0415 254 420 or email warren@buyairspace .com.au

Do read: Running out of funds for apartment block repair? Let your airspace pay for it!

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