In this episode, we are joined by Nick Johnstone a developer investor based in Christchurch. Nick walks us through a feasibility study he did on a piece of land. His options were to either demolish the existing property on the land and build three new units. Or, he could build a minor dwelling on the back of the property and rent it. He shows us why it made more sense for him to build the minor dwelling, which generated a smaller return, rather than going through a complex development process.
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