Fraser Avenue

FREQUENTLY ASKED QUESTIONS

NZ Living Northcote Limited (“NZ Living”) which is a company that Shane Brealey is the sole director of and formed to undertake the Northcote development. Shane has extensive development and construction experience.

Shane Brealey has over 30 years’ experience in this form of construction and is responsible for carefully selecting the team that will build the project. We think it is important to stand behind the project all the way through rather than entrusting a third party builder who has no relationship with our customers. The project has been comprehensively planned with over 80% of all subcontractors and suppliers already selected for the project.

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 and extended programmes, NZ Living controls every aspect of construction to ensure delivery is on time and budget. This has been evidenced on our Mason Square and 340 Onehunga Mall projects. Along with adequate provisions for escalation and contingency we are certain of our financial forecasts.

The shareholders of the development company have the financial capacity to fund the project in conjunction with Development Funding from the ASB Bank. There will be no mezzanine finance or third party debt or equity involved.

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, including roof are solid concrete. Reinforced concrete blocks and brick are 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.

An initial $5,000 deposit, which is then topped up to 10% of the purchase price for NZ Residents (20% for non NZ-Residents) after 10 Working Days. Refer to the step by step Purchase Process guide, or speak with your Salesperson (Colliers).

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.

102 apartments across five buildings, comprising of 15 x three bedrooms 51 x two bedrooms, 27 x one bedrooms, and 9 x studios. There are 95 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.

We anticipate Practical Completion around October 2020. 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 October 2021.

REGISTER YOUR INTEREST






The information above is collected by NZ Living and Colliers International New Zealand. Your contact information will be used to provide information to you about this and other residential products and services. For information on how to unsubscribe, as well as Colliers' privacy practices and commitment to protecting your privacy, please review Colliers' Privacy Policy.