Case Study Location: Valla, NSW North Coast
Property Affected: Yes, Heavily affected property costing thousands…
This property was about to be purchased and just prior to settlement a search revealed that the property was negatively impacted by Communications Network. All of the preliminary investigations failed to reveal this network of hidden underground cables within this property. This unfortunately cost thousands of dollars in the planning and design work stages!
Major Optic Fibre cables and local cables pass through the property. This Major Optic Fibre network connects the east coast of Australia. Nth QLD to Brisbane, Brisbane to Sydney, Sydney to Melbourne. Fortunately, the solicitor undertook a Telco Cable Search which revealed the extent of communications network within the property prior to earthworks, which may have
resulted in extensive damage fines, likely in the millions of dollars.
- The cost to repair this network, along with damage costs would be in the hundreds of thousands of dollars, who will be held responsible?
- What is the value of this property now that it has limited uses?
Make an informed decision on what lies within the property and how it affects the property’s use and ultimately the property’s value.