First Miller's Point auctioned for $1.911 Mil tonight. Wow.
http://smh.domain.com.au/real-estat...rty-sells-for-19-million-20140821-106usl.html
http://smh.domain.com.au/real-estat...rty-sells-for-19-million-20140821-106usl.html
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No, they are freehold.Less of a premium to be paid as the houses are leasehold not freehold.
No, the contracts of sale run to over 1,000 A4 pages, mostly regarding the heritage conservation requirements. Each individual house comes with its own Schedule of Works and Conservation Management Plan (another few hundred pages), which must be complied with.Yep, freehold and the heritage restrictions have more or less gone. There will be some awful things done to some of those great old homes.
No, they are freehold.
AFAIK, everything in Millers Point is on 99 yr leasehold - this must be an anomoly.
No, they are freehold.
No, the contracts of sale run to over 1,000 A4 pages, mostly regarding the heritage conservation requirements. Each individual house comes with its own Schedule of Works and Conservation Management Plan (another few hundred pages), which must be complied with.
The bidder who bought the one in kent st @ $1.911 Mil,got a bargain then.
Yes, that was me on behalf of my clients
It took longer than the auction itself to sign off on all the contracts, but at least all the protesters had gone home by the time we left the building.
Ex-Housing commission. Ewwwww.