My brother and I own 2 out of 3 apartmnets on the top floor of an apartment block in a UK city centre. We are currently trying to acquire the 3rd. All other floors consist of 6 units mixed 1 / 2 bed.
These top floor apartments are HUGE by Irish standards and owning all 3 could easily knock the internal walls and create 5 new units.
The next step is to build over head. I dont think planning is an issue as it is :
1. An area under going city centre urban regeneration
2. Is lower by at least one floor than all the neighbouring buidlings
3. Is of a horrible 80s mansard build that we would propose in the design to update to a more modern glazed finish - in fitting with the regeneration proposals.
Technically it is an easy job to do with excellent access all round and structurally sound. The managing company is controlled by the residents and the only 2 owners living there are my brother and an estate agent who we would propse to be part of the venture for their local input in return for any sales.
My main area for query would be who owns the space over head?
What consents do we need? At all?
What areas do we need to be looking at to make this feasible?
I have seen a similar job happen on a UK based property show in very similar circumstances so Im keen to investigate this avenue further.
We have used an Irish solicitor for our purchases and I intend to discuss this venture with him, any further advice and ideas from AAMers is greatly appreciated as we step into early stages on this exciting venture.
thanks all
MB
These top floor apartments are HUGE by Irish standards and owning all 3 could easily knock the internal walls and create 5 new units.
The next step is to build over head. I dont think planning is an issue as it is :
1. An area under going city centre urban regeneration
2. Is lower by at least one floor than all the neighbouring buidlings
3. Is of a horrible 80s mansard build that we would propose in the design to update to a more modern glazed finish - in fitting with the regeneration proposals.
Technically it is an easy job to do with excellent access all round and structurally sound. The managing company is controlled by the residents and the only 2 owners living there are my brother and an estate agent who we would propse to be part of the venture for their local input in return for any sales.
My main area for query would be who owns the space over head?
What consents do we need? At all?
What areas do we need to be looking at to make this feasible?
I have seen a similar job happen on a UK based property show in very similar circumstances so Im keen to investigate this avenue further.
We have used an Irish solicitor for our purchases and I intend to discuss this venture with him, any further advice and ideas from AAMers is greatly appreciated as we step into early stages on this exciting venture.
thanks all
MB