FREQUENTLY ASKED QUESTIONS
No, the price stated in the Sale and Purchase Agreement is the price you will pay for your apartment. Whereas a small number of other developments have been caught out by underestimating construction costs we have the majority of major building components quoted on agreed rates. An independent professional Quantity Surveyor has prepared a cost plan and our proposed bank funder has reviewed our development feasibility. Along with adequate provisions for escalation and contingency we are certain of our financial forecasts.
Yes, a Body Corporate is created whenever there is a Unit Title property. Auckland Body Corporate have been engaged to provide advice on the draft body corporate budget and it is intended that they will be appointed Body Corporate manager for an initial period. Opus International has prepared a 20 year Long Term Maintenance Plan (LTMP) noting costs are significantly lower than comparable developments.
Yes, Owners can elect to be voted on the body corporate committee.
High quality construction materials will be used throughout. Our team has selected materials with lasting durability and low maintenance. All floors are solid concrete. Reinforced concrete blocks and brick is used extensively along with aluminium wall cladding and double glazing to all apartment windows and sliding doors will provide superior acoustic and thermal qualities.
Within the development there is parking for apartment occupants as purchased with each property. Visitors will find carparking on the street.
An enclosure for wheelie bins will be serviced several times per week by an external contractor under the management of the Body Corporate and the Body Corporate Manager.
A swipe of proximity card will provide access to the building stair lobby door. Normal keys will be provided for apartment entry doors.
A contractor will be appointed by the Body Corporate to maintain all common landscaping areas. Fruit trees will provide fruit for residents to share.
Yes, with Body Corporate approval. Please refer to the Body Corporate rules if you plan to have a pet.
10% deposit of the purchase price for NZ Residents, 20% for nonresidents.
Your deposit will be held in trust by solicitors Alexander Dorrington as stakeholder. Interest will accrue to your favour with interest earned, less usual fees and withholding taxes, reducing the final settlement amount.
42 apartments across two buildings, comprising of 24 x two bedrooms, 12 x one bedrooms, and 6 x studios. There are 40 carparks available to purchase on a first come first served basis.
Yes the apartments will be Stratum in Freehold, commonly known as Freehold Unit Title.
Yes formal Resource Consent was granted by the Auckland Council in July 2018.
Subject to final presales and final requirements from ASB bank we anticipate Practical Completion around mid-2019. Following this Code Compliance Certificates and Certificate of Titles will be issued by the Auckland Council, with settlement triggered approximately 10 working days after this (see Purchase Process).
To protect against any unforeseen delays, and as a funding requirement from ASB bank, the Agreement for Sale & Purchase includes a Sunset Date of 31 October 2020.